Top Pre-Market Stock Upgrades/Downgrades March 29, 2010

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

Upgrades:

• Best Buy (BBY) upgraded to Hold from Sell at Société Générale
• Commercial Vehicle Group (CVGI) upgraded to Outperform from Neutral at Baird; target raised to $11 from $8
• Patterson-UTI Energy (PTEN) upgraded to Neutral from Sell at Goldman
• Precision Castparts (PCP) upgraded to Buy from Neutral at Goldman
• Priceline.com (PCLN) upgraded to Buy from Neutral at Sidoti
• Progressive (PGR) upgraded to Perform from Underperform at Oppenheimer
• Syntura International (SYUT) upgraded to Buy from Hold at Roth; price target raised to $27 from $12
• Syniverse Holdings (SVR) upgraded to Buy from Hold at Jefferies; price target raised to $22 from $16
• Vale (VALE) upgraded to Buy from Hold at Canaccord Adams

Downgrades:

• Kellogg (K) downgraded to Perform from Outperform at BMO Capital Markets
• Peet’s Coffee & Tea (PEET) downgraded to Neutral from Buy at Janney Montgomery Scott
• Power Integrations (POWI) downgraded to Hold from Buy at Deutsche Bank
• Rockwell Collins (COL) downgraded to Neutral from Buy at Goldman
• Synovus Financial (SNV) downgraded to Underperform from Perform at FBR Capital
• VeriSign (VRSN) downgraded to Hold from Buy at Jefferies

Coverage Initiated:

• Aruba Networks (ARUN) initiated with a Buy at Broadpoint AmTech; price target $16
• Questcor Pharmaceuticals (QCOR) initiated with a Buy at Sidoti; price target $14
• Toll Brothers (TOL) initiated with a Neutral at Ticonderoga Securities

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