Top Pre-Market Stock Upgrades/Downgrades April 8, 2010

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

Upgrades:

• BMC Software (BMC) upgraded to Outperform from Neutral at Credit Suisse
• Echo Global Logistics (ECHO) upgraded to Buy from Accumulate at Craig-Hallum
• EOG Resources (EOG) upgraded to Perform from Underperform at BMO Capital Markets

Downgrades:

• Compellent Technologies (CML) downgraded to Neutral from Buy at Merriman
• eBay (EBAY) downgraded to Hold from Buy at Kaufman
• EMC (EMC) downgraded to Hold from Buy at Canaccord Adams
• Emulex (ELX) downgraded to Hold from Buy at Canaccord Adams
• Family Dollar Stores (FDO) downgraded to Underweight from Neutral at Piper Jaffray
• Forest Laboratories (FRX) downgraded to Underweight from Neutral at Piper Jaffray
• KeyCorp (KEY) downgraded to Underperform from Neutral at Baird
• Silicon Motion (SIMO) downgraded to Hold from Buy at Lazard
• QLogic (QLGC) downgraded to Hold from Buy at Canaccord Adams

Coverage Initiated:

• Baidu (BIDU) initiated with a Hold at Auriga; price target $640
• Beacon Power (BCON) initiated with a Buy at Lazard
• Halozyme Therapeutics (HALO) initiated with an Outperform at William Blair
• Microsoft (MSFT) initiated with a Buy at Soleil; price target $34
• Nuance Communications (NUAN) initiated with a Buy at Soleil; price target $21
• Oracle (ORCL) initiated with a Buy at Janney Montgomery Scott; price target $32
• Sina (SINA) initiated with a Buy at Auriga; price target $50
• Sohu.com (SOHU) initiated with a Hold at Auriga; price target $55
• Somaxon Pharmaceuticals (SOMX) initiated with a Buy at Jefferies; price target $13
• Symantec (SYMC) initiated with a Buy at Soleil; price target $23

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