Top Pre-Market Stock Upgrades/Downgrades May 10, 2010

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

Upgrades:

• BP (BP) upgraded to Outperform from Perform at Berstein
• Cbeyond (CBEY) upgraded to Perform from Underperform at RBC Capital Markets
• Cemex (CX) upgraded to Outperform from Neutral at Credit Suisse
• Boeing (BA) and OfficeMax (OMX) upgraded to Buy from Neutral at Goldman
• Eagle Bulk Shipping (EGLE) upgraded to Neutral from Underweight at JP Morgan
• Hologic (HOLX) upgraded to Buy at Craig-Hallum
• Nu Skin Enterprises (NUS) upgraded to Buy from Hold at Stifel Nicolaus; price target $32
• Rubicon Technology (RBCN) upgraded to Outperform from Perform at Oppenheimer; price target $30
• SunPower (SPWRA) upgraded to Hold from Sell at Auriga USA
• Yahoo! (YHOO) upgraded to Positive from Neutral at Susquehanna

Downgrades:

• Cablevison Systems (CVC) and Comcast (CMCSA) downgraded to Perform from Outperform at Bernstein
• General Dynamics (GD) downgraded to Neutral from Buy at Goldman
• Rackspace Hosting (RAX) downgraded to Hold from Buy at ThinkEquity

Coverage Initiated:

• Compuware (CPWR) initiated with an Outperform at Northland Securities; price target $9.50
• SS&C Technologies (SSNC) initiated with a Buy at Jefferies; price target $19
• Telestone Technologies (TSTC) initiated with a Buy at Roth; price target $20
• Walgreens (WAG) initiated with a Buy at Lazard; price target $42

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