Here is a list of this morning’s top companies upgrades, downgrades, and initiations by brokerage firms.
Upgrades:
- Cepheid (CPHD) upgraded to Outperform from Neutral at Baird; price target $24 from $16
- Nokia (NOK) upgraded to Hold from Sell at Societe Generale
- Suntech Power (STP) upgraded to Perform from Underperform at Oppenheimer; price target $17 from $10
- Yingli Green Energy (YGE) upgraded to Outperform from Perform at Oppenheimer; price target $17
- Western Digital (WDC) upgraded to Buy from Hold at Stifel Nicolaus; price target $53
Downgrades:
- Canadian Solar (CSIQ) downgraded to Perform from Outperform at Oppenheimer; price target $19 from $31
- The Cheesecake Factory (CAKE) downgraded to Underperform from Perform at Raymond James
- Janus Capital (JNS) downgraded to Neutral from Buy at Goldman
- Nokia (NOK) downgraded to Underperform from Hold at Jefferies
- Petroleum Development (PETD) downgraded to Neutral from Buy at Suntrust
- Sybase (SY) downgraded to Hold from Buy at Needham
- Verizon (VZ) downgraded to Neutral from Buy at Goldman
Coverage Initiated:
- DragonWave (DRWI) initiated with a Perform at Raymond James
- Anthera Pharmaceuticals (ANTH) initiated with an Outperform at Cowen
- China XD Plastics (CXDC) initiated with a Buy at Ladenburg Thalmann; price target $10
- Holly (HOC) initiated with a Top Pick at RBC; price target $38
- Rosetta Resources (ROSE) initiated with a Buy at KeyBanc; price target $32
- Synchronoss Technologies (SNCR) initiated with a Buy at Sidoti; price target $26
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