BenzingaStaff3

Benzinga’s Top Upgrades (LGF, RAX, KNXA, SIRO)

Lions Gate Entertainment Corp. (USA) (NYSE: LGF) was upgraded today by Wunderlich from Hold to Buy and the price target increased from $6 to $8.50. Lions Gate Entertainment is now trading at $5.84, 1.21% up in the morning trading hours. In the last year, LGF has gained over 15%.

Benzinga’s News Roundup (PEP, ALKS, MRK)

PepsiCo, Inc. (NYSE: PEP) reported today that it will raise its dividend by 7% to $1.92 a share annually, and also announced plans to buy back up to $15 billion of common shares through June 2013. PepsiCo increased 1.21% to $65.89 in the pre-market session. The 52-week trading range for PEP is $47.50 - $65.25.

Benzinga’s Top Pre-Market Losers (CNX, BSX, ISPH, CYTX)

CONSOL Energy Inc. (NYSE: CNX) decreased 5.76% to $51.20 in the pre-market session. Dominion (NYSE: D) announced that it has agreed to sell its natural gas and oil exploration and production business to a newly-formed subsidiary of CONSOL Energy, for a total of $3.475 billion.

Benzinga’s Top Pre-Market Gainers (PVH, AMLN, CHRD, ISIS, NVAX)

Phillips-Van Heusen Corporation (NYSE: PVH) increased 7.35% to $51.25 in the pre-market session.

Benzinga’s Top Downgrades (BTE, FACT, LOPE)

Baytex Energy Trust (USA) (NYSE: BTE) declined 0.06% to $33.63 in the pre-market session. Baytex Energy was downgraded today by Canaccord Adams to Hold from Buy and the price target set to $35. The 52-week trading range for BTE is $9.23 - $33.93. Baytex Energy closed at $33.65 in the previous trading session.

Benzinga’s Top Pre-Market Losers (PSUN, ZUMZ, SWHC, CYTX)

Pacific Sunwear of California, Inc. (NASDAQ: PSUN) decreased 13.22% to $4.99 in the pre-market session. Pacific Sunwear of California announced yesterday that for first quarter of 2010, it expects to report a GAAP net loss per share of $(0.50)-$(0.60). The 52-week trading range for PSUN is $1.12 - $7.25.

Benzinga’s Top Pre-Market Gainers (YONG, RFMD, KIRK, CAGC, EXEL)

Yongye International, Inc. (NASDAQ: YONG) increased 5.49% to $9.03 in the pre-market session. Yongye International announced today that its operating entity in China, Yongye Nongfeng Biotechnology, signed a preliminary agreement with a local supplier of humic acid to purchase an undeveloped lignite coal resources project in Inner Mongolia, PRC.

Benzinga’s News Roundup (HALO, LACO, ANN, ARNA)

Halozyme Therapeutics, Inc. (NASDAQ: HALO) reported today a fourth quarter net loss of $12.66 million or $0.14 per share, as compared to a net loss of $16.83 million or $0.21 per share for the same quarter last year. Total revenues increased to $6.44 million from $3.06 million in the year ago period.

Yahoo! And SL Green Realty Downgraded Today

Yahoo! Inc. (NASDAQ: YHOO) declined 0.89% to $16.64 in the pre-market session. Yahoo! Was downgraded today by Benchmark from Buy to Hold and the price target set to $18. The 52-week trading range for YHOO is $12.51 - $18.02. Yahoo! closed at $16.79 in the previous trading session.

Benzinga’s News Roundup (BBBY, SFD, DPS, DVN)

Bed Bath & Beyond Inc. (NASDAQ: BBBY) was downgraded today by FBR Capital from Market Perform to Underperform and the price target reduced from $38.50 to $38. Bed Bath & Beyond declined 1.54% to $41.03 in the pre-market session. The 52 week trading range for BBBY is $21.37 -$43.42.