Top Pre-Market Stock Upgrades/Downgrades May 3, 2010

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

Upgrades:

• Barnes Group (B) target raised to $26 from $20 at Oppenheimer
• Digital River (DRIV) upgraded to Overweight from Equal Weight at First Analysis
• Dr Pepper Snapple (DPS) upgraded to Buy from Hold at Stifel Nicolaus; price target $38
• Ingram Micro (IM) upgraded to Buy from Neutral at Goldman
• MarketAxess Holdings (MKTX) upgraded to Buy from Neutral at Sidoti & Co.
• Pinnacle (PNK) upgraded to Buy from Neutral at Janney Montgomery Scott; price target $17
• Silicon Motion (SIMO) upgraded to Buy from Neutral at Riley
• Standard Microsystems (SMSC) upgraded to Buy from Hold at Capstone Investments; price target $33
• Towers Watson (TW) upgraded to Buy from Hold at Citigroup; price target $60 from $52

Downgrades:

• Goldman Sachs (GS) downgraded to Perform from Outperform at Keefe Bruyette; price target $165 from $195
• Transocean (RIG) downgraded to Hold from Buy at Argus

Coverage Initiated:

• Calix Networks (CALX) initiated with a Buy at UBS and Goldman
• McDonald’s (MCD) initiated with an Overweight at Piper Jaffray; price target $85
• MaxLinear (MXL) initiated with an Overweight at Thomas Weisel; price target $23
• Tellabs (TLAB) initiated with a Neutral at Goldman

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