Major investment upgrades/downgrades as of April 4

Every morning, Patria publishes a list of U.S. stocks which had their investment recommendations changed the previous day. In the first part of the table you will find titles with recommendation upgrade, the second part on the contrary presents titles with recommendation downgrade. Previous and current investment rating is included, as well as the name of the rating institution (i.e. investment bank) and/or the target price.

Stock	Company	Target Price	Previous rec.	New rec.	Change
Alamosa	JP Morgan	-	Neutral	Overweight
Ameristar Casinos	Banc of America Sec	-	Neutral	Buy
Agnico-Eagle Mines	CSFB	-	Neutral	Outperform
LM Ericsson	Lehman Brothers	-	Underweight	Overweight
Cerner	Salomon Smith Barney	-	In Line	Under Perform
Affymetrix	Salomon Smith Barney	14.00	Outperform	Under Perform
US Unwired	JP Morgan	-	Neutral	Underweight
Arch Capital	CSFB	39.00	Outperform	Neutral
Applebee's	Merrill Lynch	-	Buy	Neutral
Cypress Semi	UBS Warburg	6.00	Neutral	Reduce