Top Pre-Market Upgrades/Downgrades (NOK, WFC, DB, WMT, SEED)

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

Upgrades:

• Nokia (NOK) upgraded to Neutral at MKM Partners
• Origin Agritech (SEED) upgraded at Chardan
• SunPower (SPWRA) upgraded to Hold at Citigroup
• Take-Two Interactive Software (TTWO) upgraded to Buy at ThinkEquity
• Ulta Salon (ULTA) upgraded to Outperform at Baird
• Wells Fargo (WFC) upgraded to Buy at Sterne Agee

Downgrades:

• Blue Coat Systems (BCSI) downgraded to Neutral at Piper Jaffray
• Deutsche Bank (DB) downgraded to Underperform at Macquarie

Coverage Initiated:

• Comcast (CMCSA) initiated with a Neutral at BTIG
• Procter & Gamble (PG) initiated with an Outperform at William Blair
• Wal-Mart Stores (WMT) initiated with a Neutral at MKM Partners
• Xinyuan Real Estate (XIN) initiated with a Market Outperform at Rodman & Renshaw