Top Pre-Market Stock Upgrades/Downgrades April 12, 2010

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

Upgrades:

• Actuant (ATU) upgraded to Outperform from Neutral at Baird; price target $27 from $22
• Best Buy (BBY) upgraded to Perform from Underperform at FBR Capital; price target $39
• EMC (EMC) upgraded to Outperform from Perform at RBC Capital Markets
• Expedia (EXPE) upgraded to Overweight from Neutral at Piper Jaffray; price target $30 from $24
• Fairchild Semiconductor (FCS) upgraded to Outperform from Neutral at Baird; price target $17 from $12
• Gap (GPS) upgraded to Overweight from Neutral at Piper Jaffray; price target $30 from $22
• GSI Technology (GSIT) upgraded to Outperform from Neutral at Baird; price target $6 from $5
• Infinera (INFN) upgraded to Neutral from Sell at Goldman
• Ingersoll-Rand (IR) upgraded to Outperform from Neutral at Baird; price target $54 from $36
• Joy Global (JOYG) upgraded to Outperform from Neutral at Baird; price target $82 from $61
• Lattice Semiconductor (LSCC) upgraded to Outperform from Neutral at Baird; price target $6 from $3
• MetroPCS (PCS) upgraded to Buy from Hold at Auriga USA; price target $9
• Parker Hannifin (PH) upgraded to Outperform from Neutral at Baird; price target $91 from $69
• Texas Instruments (TXN) upgraded to Outperform from Neutral at Credit Suisse; price target $32 from $24

Downgrades:

• ARM Holdings (ARMH) downgraded to Sell from Hold at Citigroup
• CDC Software (CDCS) downgraded to Perform from Outperform at Morgan Keegan
• NetApp (NTAP) downgraded to Perform from Outperform at RBC Capital Markets
• Petrobras (PBR) downgraded to Perform from Outperform at Bernstein

Coverage Initiated:

• Athersys (ATHX) initiated with a Buy at Brean Murray; price target $8
• Elan (ELN) initiated with a Perform at Wells Fargo
• Wendy’s (WEN) initiated with a Buy at Standpoint Research; price target $7.50

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