Top Pre-Market Stock Upgrades/Downgrades April 9, 2010

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

Upgrades:

• DISH Network (DISH) upgraded to Buy from Neutral at UBS
• SciClone Pharmaceuticals (SCLN) upgraded to Buy from Hold at BWS Financial; price target $7.25
• Telvent (TLVT) upgraded to Buy from Hold at ThinkEquity
• Williams-Sonoma (WSM) upgraded to Outperform from Perform at Oppenheimer; price target $40 from $26

Downgrades:

• Alcoa (AA) downgraded to Neutral from Overweight at JP Morgan
• Compellent Technologies (CML) downgraded to Perform from Outperform at JMP
• EchoStar (SATS) downgraded to Sell from Buy at Citigroup
• MGM Mirage (MGM) downgraded to Sell from Hold at Soleil; price target $11
• Netflix (NFLX) downgraded to Underperform from Neutral at Wedbush
• Synaptics (SYNA) downgraded to Sell from Hold at Lazard
• Zale (ZLC) downgraded to Sell from Hold at Soleil Securities

Coverage Initiated:

• Garmin (GRMN) initiated with a Neutral at MKM Partners; price target $36
• Illumina (ILMN) initiated with a Perform at JMP Securities
• Mindspeed Technologies (MSPD) initiated with an Overweight at Thomas Weisel; price target $11
• Qualcomm (QCOM) initiated with an Underperform at Exane BNP Paribas
• Texas Instruments (TXN) initiated with an Outperform at Exane BNP Paribas