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

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

Upgrades:

• Cree (CREE) upgraded to Buy at Sidoti & Co.
• Globecomm Systems (GCOM) upgraded to Buy at Merriman
• Huntington Bancshares (HBAN) upgraded to Overweight at Morgan Stanley
• PepsiCo (PEP) added to Conviction Buy List at Goldman
• Potash Corp./Saskatchewan (POT) upgraded to Buy at Desjardins
• Smith Micro Software (SMSI) upgraded to Outperform at Wedbush; price target $12.50 from $11
• Vale (VALE) upgraded to Neutral at Exane BNP Paribas
• Walt Disney (DIS) upgraded to Hold from Sell at Citigroup

Downgrades:

• Anadarko Petroleum (APC) downgraded to Perform at Oppenheimer
• Dialysis Corporation of America (DCAI) downgraded to Perform at Wells Fargo
• Philip Morris International (PM) removed from Conviction Buy List at Goldman

Coverage resumed:

• Advanced Micro Devices (AMD) resumed with a Hold at Stifel Nicolaus
• Intel (INTC) resumed with a Buy at Stifel Nicolaus; price target $30