Pre Market Calls

• Alliance Data (NYSE: ADS) raised to Overweight at JPMorgan.
• Garmin Ltd. (NASDAQ: GRMN) started as Neutral at JPMorgan.
• Host Hotels & Resorts (NYSE: HST) Cut To Hold From Buy By Deutsche Bank.
• Jefferies Group (NYSE: JEF) Cut to Neutral at Banc of America.
• Medco Health Solutions (NYSE: MHS) raised to Buy at Jefferies.
• National City (NYSE: NCC) raised to Buy at Deutsche Bank; Downgraded to Underperform at Bear Stearns.
• Red Hat (NYSE: RHT) started as Buy at Piper Jaffray.
• Salesforce.com (NYSE: CRM) started as Buy at Piper Jaffray.
• Syntax-Brillian (NASDAQ: BRLC) raised to Outperform at Robert W. Baird.
• Volterra Semi (NASDAQ: VLTR) raised to Buy at Piper Jaffray.

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