Wimm-Bill-Dann Foods Upgraded, While Preferred Bank Downgraded

Wimm-Bill-Dann Foods OJSC (ADR) (NYSE: WBD) was today upgraded by Citigroup from Hold to Buy. As a result, shares of Wimm-Bill-Dann Foods have climbed up 5.09% to $22.49 in the pre-market session. The 52-week trading range for WBD is $5.38 - $24.00. So far in the current year, WBD has gained over 225%. In the previous trading session, WBD closed at $21.40.

On the other hand, Preferred Bank (NASDAQ: PFBC) was today downgraded by FBR Capital from Market Perform to Underperform and price target reduced to $1.50 from $4. Preferred Bank has plummeted 6.98% to $2 in the pre-market session. The 52-week trading range for PFBC is $1.25 - $6.80. So far in 2009, Preferred Bank declined by over 60%. Yesterday, PFBC closed at $2.15.