Here is a list of this morning’s top companies upgrades, downgrades, and initiations by brokerage firms.
Upgrades:
- bebe stores (BEBE) upgraded to Buy from Hold at Brean Murray; price target $11
- Cree (CREE) upgraded to Buy from Hold at Morgan Joseph; price target $100
- Ericsson (ERIC) upgraded to Buy from Neutral at Credit Suisse
- Red Hat (RHT) upgraded to Outperform from Perform at Oppenheimer; price target $40
- Tellabs (TLAB) upgraded to Buy from Neutral at UBS
Downgrades:
- Dendreon (DNDN) downgraded to Hold from Buy at Citigroup
- Nokia (NOK) downgraded to Hold from Buy at Stifel Nicolaus
- Potash (POT) downgraded to Neutral from Buy at Goldman
Coverage Initiated:
- Clearwire (CLWR) resumed with a Buy at Jefferies; price target $9
- First Solar (FSLR) initiated with a Hold at Auriga; price target $143
- Goldman Sachs (GS) initiated with a Buy at Nomura; price target $210
- JA Solar (JASO) initiated with a Hold at Auriga; price target $6.50
- Morgan Stanley (MS) initiated with a Neutral at Nomura; price target $32
- Solarfun Power Holdings (SOLF) initiated with a Buy at Auriga; price target $12
- Suntech Power Holdings (STP) initiated with a Hold at Auriga; price target $15
- Trina Solar (TSL) initiated with a Buy at Auriga; price target $34
- VIVUS (VVUS) initiated with a Buy at Needham; price target $15
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