Top Pre-Market Upgrades/Downgrades (AEO, BMY, IDIX, IP, SQNM, WAG, FSLR)

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

Upgrades:

• American Eagle Outfitters (AEO) upgraded to Buy at Jefferies
• Bristol Myers Squibb (BMY) upgraded to Buy at Citigroup
• Idenix Pharmaceuticals (IDIX) upgraded to Outperform at Oppenheimer
• Infinera (INFN) upgraded to Buy at Jefferies
• International Paper (IP) upgraded to Buy at Longbow
• SAVVIS (SVVS) upgraded to Buy at Suntrust
• Sequenom (SQNM) upgraded to Buy at Auriga

Downgrades:

• Lions Gate Entertainment (LGF) downgraded to Hold at Soleil
• Walgreen (WAG) downgraded to Market Weight at Thomas Weisel

Coverage Initiated:

• China Agritech (CAGC) initiated with a Buy at Brean Murray
• First Solar (FSLR) initiated with a Sell at Cantor Fitzgerald
• Mindspeed Technologies (MSPD) initiated with a Buy at B. Riley