Top Pre-Market Stock Upgrades/Downgrades May 7, 2010

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

Upgrades:

Alcoa (AA) upgraded to Outperform from Perform at BMO Capital Markets
Autodesk (ADSK) upgraded to Buy from Hold at ThinkEquity
China Automotive Systems (CAAS) upgraded to Buy from Neutral at Merriman
Cogent (COGT) upgraded to Neutral from Underweight at JP Morgan
Excel Maritime Carriers (EXM) upgraded to Outperform from Perform at Oppenheimer; price target $8
Idenix Pharmaceuticals (IDIX) upgraded to Outperform from Perform at JMP Securities; price target $8
JA Solar (JASO) upgraded to Buy from Hold at Collins Stewart; price target $7.50
Lamar Advertising (LAMR) upgraded to Outperform from Perform at Oppenheimer
Multi-Fineline Electronix (MFLX) upgraded to Buy from Hold at Needham; price target $28
Pepco Holdings (POM) upgraded to Buy from Neutral at SunTrust; price target $18
The PMI Group (PMI) upgraded to Outperform from Perform at Keefe Bruyette
priceline.com (PCLN) upgraded to Buy from Hold at ThinkEquity
Radian Group (RDN) upgraded to Outperform from Perform at Keefe Bruyette; price target $15

Downgrades:

Energy Recovery (ERII) downgraded to Neutral from Outperform at Baird; price target $6 from $8
Fuel Systems Solutions (FSYS) downgraded to Weight from Overweight at Thomas Weisel; price target $28 from $35
Leap Wireless International (LEAP) downgraded to Hold from Buy at Citigroup
Transocean (RIG) downgraded to Underperform from Buy at Calyon
Wonder Auto Technology (WATG) downgraded to Neutral from Buy at Merriman

Coverage Initiated: