Goldman Sachs analyst Simona Jankowski upgraded Brocade Communications to Neutral saying she no longer sees "meaningful downside" to consensus estimates following the company's "solid" quarter. Brocade is executing well in both the switching and routing markets, but its long-term growth prospects remain "modest," Jankowski tells investors in a post-earnings research note. She raised her price target for the stock to $12 from $11. Summit Research analyst Srini Nandury upgraded Brocade this morning to Buy. The stock is up 63c to $10.35 in pre-market trading.