Top Pre-Market Stock Upgrades/Downgrades April 1, 2010

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

Upgrades:

• AnnTaylor Stores (ANN) upgraded to Hold from Underperform at Jefferies
• Legg Mason (LM) upgraded to Outperform from Perform at Keefe, Bruyette & Woods
• Millicom International Cellular (MICC) upgraded to Overweight from Neutral at JP Morgan; price target $110
• National Instruments (NATI) upgraded to Buy from Neutral at Longbow
• Network Engines (NENG) upgraded to Buy from Hold at Needham; price target $2.50
• Supertex (SUPX) upgraded to Buy from Hold at Brigantine; price target $31

Downgrades:

• BlackRock (BLK) downgraded to Hold from Buy at Deutsche Bank and Sell from Buy at Citigroup
• Research in Motion (RIMM) downgraded to Sell from Neutral at Goldman

Coverage Initiated:

• A123 Systems (AONE) initiated with a Neutral at Janney Montgomery Scott
• Ener1 (HEV) initiated with a Sell at Janney Montgomery Scott
• Human Genome Sciences (HGSI) initiated with a Buy at Jesup & Lamont; price target $35
• Gap (GPS) initiated with a Buy at SunTrust; price target $28
• Quality Distribution (QLTY) initiated with a Buy at Sterne Agee; price target $15
• Sonic Solutions (SNIC) initiated with a Speculative Buy at Canaccord Adams; price target $12
• Spreadtrum Communications (SPRD) initiated with a Buy at Auriga USA; price target $7

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