Top Pre-Market Stock Upgrades/Downgrades April 28, 2010

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

Upgrades:

• American Capital (ACAS) upgraded to Outperform from Underperform at BMO Capital Markets
• Amedisys (AMED) upgraded to Outperform from Perform at Raymond James; price target $68
• Brocade (BRCD) upgraded to Outperform from Perform at RBC Capital Markets
• Ciena (CIEN) upgraded to Outperform from Perform at RBC Capital Markets
• Cisco Systems (CSCO) upgraded to Top Pick from Outperform at RBC Capital Markets
• Capital Product Partners (CPLP) upgraded to Overweight from Neutral at JP Morgan
• Masco (MAS) upgraded to Strong Buy from Outperform at Raymond James
• MCG Capital (MCGC) upgraded to Outperform from Perform at BMO Capital Markets
• Sequenom (SQNM) upgraded to Buy from Neutral at Global Hunter
• Telecom Italia (TI) upgraded to Buy from Sell at RBS
• Tellabs (TLAB) upgraded to Overweight from Neutral at JP Morgan; price target $11 from $8.50
• Time Warner (TWX) upgraded to Outperform from Neutral at Cowen

Downgrades:

• Dell (DELL) downgraded to Neutral from Buy at UBS
• LM Ericsson (ERIC) downgraded to Underperform from Perform at RBC Capital Markets
• Ford Motor (F) downgraded to Underperform from Neutral at Credit Suisse
• FormFactor (FORM) downgraded to Sell from Neutral at Goldman
• Motorola (MOT) downgraded to Perform from Outperform at RBC Capital Markets
• Nokia (NOK) downgraded to Perform from Outperform at RBC Capital Markets

Coverage Initiated:

• AVEO Pharmaceuticals (AVEO) initiated with an Outperform at Leerink; price target $14
• Baidu.com (BIDU) initiated with a Buy at Brean Murray; price target $800
• Exceed (EDS) initiated with a Buy at Morgan Joseph; price target $13
• Novavax (NVAX) initiated with a Buy at Lazard

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