Top Pre-Market Stock Upgrades/Downgrades April 30, 2010

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

Upgrades:

• CommScope (CTV) upgraded to Outperform from Neutral at Baird; price target $39 from $28
• Dendreon (DNDN) target raised to $62 from $38 at Needham, to $66 from $46 at JP Morgan
• Eagle Bulk Shipping (EGLE) upgraded to Buy from Hold at Lazard; price target $7
• Forward Air (FWRD) upgraded to Hold from Sell at Stifel Nicolaus
• Shire Plc. (SHPGY) upgraded to Buy from Hold at Societe Generale
• Skyworks Solutions (SWKS) target raised to $21 from $18 at Stifel Nicolaus
• Trimble Navigation (TRMB) upgraded to Buy from Hold at Deutsche Bank
• ValueClick (VCLK) upgraded to Buy from Neutral at Merriman
• Varian Semiconductor (VSEA) upgraded to Buy from Hold at Deutsche Bank; price target $42 from $27
• Volcom (VLCM) upgraded to Buy from Hold at Needham

Downgrades:

• AthenaHealth (ATHN) downgraded to Perform from Outperform at Leerink Swann
• ATP Oil & Gas (ATPG) downgraded to Hold from Buy at Wunderlich
• Comcast Corporation (CMCSA) downgraded to Hold from Buy at Stifel Nicolaus
• Halliburton (HAL) downgraded to Perform from Outperform at FBR Capital
• MicroStrategy (MSTR) downgraded to Perform from Outperform at FBR Capital; price target $90 from $120
• Transocean (RIG) downgraded to Perform from Outperform at FBR Capital

Coverage Initiated:

• SAP AG (SAP) initiated with an Outperform at Macquarie

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