Top Pre-Market Stock Upgrades/Downgrades April 21, 2010

Here is a list of this morning’s top companies upgrades, downgrades, and initiations by brokerage firms.

Upgrades:

• Apple (AAPL) upgraded to Outperform from Perform at Scotia
• Allegiant Travel (ALGT) upgraded to Buy from Hold at Jesup & Lamont; price target $56
• Gaylord Entertainment (GET) upgraded to Outperform from Perform at Wells Fargo
• Harley-Davidson (HOG) upgraded to Perform from Underperform at Raymond James
• Manhattan Associates (MANH) upgraded to Buy from Hold at Benchmark; price target $35
• Trimble Navigation (TRMB) upgraded to Neutral from Underweight at JP Morgan
• VMware (VMW) upgraded to Outperform from Perform at JMP Securities

Downgrades:

• Canadian Solar (CSIQ) downgraded to Neutral from Outperform at Macquarie
• Ciena (CIEN) downgraded to Sell from Hold at Soleil
• Exelon (EXC) downgraded to Hold from Buy at Soleil
• Gilead Sciences (GILD) downgraded to Neutral from Overweight at Piper Jaffray
• Transocean (RIG) downgraded to Neutral from Outperform at Credit Suisse
• Synovus (SNV) downgraded to Perform from Outperform at Raymond James
• Vitacost.com (VITC) downgraded to Hold from Buy at Roth; price target $9 from $15

Coverage Initiated:

• AVEO Pharmaceuticals (AVEO) initiated with an Overweight at JP Morgan
• Cavium Networks (CAVM) initiated with an Overweight at JP Morgan; price target $32
• Celera (CRA) initiated with a Perform at RBC
• Entropic Communications (ENTR) initiated with a Buy at Merriman
• Force Protection (FRPT) initiated with a Hold at Benchmark
• Mercadolibre (MELI) initiated with an Overweight at Thomas Weisel; price target $70
• Navistar (NAV) initiated with a Sell at Morgan Joseph; price target $36
• Raptor Pharmaceutical (RPTP) initiated with a Buy at Ladenburg Thalman; price target $4

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