Top Pre-Market Upgrades/Downgrades (AMZN, ANN, BMY, CSCO, BP, AAPL, FSLR, STP)

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

Upgrades:

• Amazon.com (AMZN) added to Goldman Conviction Buy list
• AnnTaylor Stores (ANN) upgraded to Buy at Goldman
• Bristol Myers Squibb (BMY) upgraded to Buy at Goldman
• Cisco (CSCO) upgraded to Buy at Auriga
• Energy Transfer Partners (ETP) upgraded to Buy at Goldman
• Symantec (SYMC) upgraded to Outperform at Macquarie
• Zoran (ZRAN) upgraded to Buy at Lazard

Downgrades:

• Abbott Laboratories (ABT) downgraded to Neutral at Goldman
• BP (BP) downgraded to Neutral at Goldman
• SunPower (SPWRA) downgraded to Hold at Needham
• Tyco Electronics (TEL) downgraded to Neutral at Ticonderoga

Coverage Initiated:

• Apple (AAPL) initiated with a Buy at BGC Partners; price target $350
• First Solar (FSLR) initiated with an Underperform at Needham
• Intuit (INTU) initiated with a Buy at UBS
• Suntech Power (STP) initiated with a Hold at Needham
• Solarfun Power (SOLF) initiated with a Buy at Needham; price target $9