Top Pre-Market Stock Upgrades/Downgrades May 19, 2010

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

Upgrades:

• Dreamworks Animation (DWA) upgraded to Buy at Caris
• Limited Brands (LTD) upgraded to Overweight at JP Morgan
• Macy’s (M) upgraded to Buy at Goldman
• Spreadtrum (SPRD) upgraded to Neutral at Piper Jaffray

Downgrades:

• CompuCredit (CCRT) downgraded to Underperform at Keefe Bruyette
• Portugal Telecom (PT) downgraded to Neutral at BNP Paribas
• The TJX Companies (TJX) downgraded to Neutral at Goldman

Coverage Initiated:

• AT&T (T) initiated with an Outperform at Cowen
• Metals USA (MUSA) initiated with a Neutral at Goldman
• Potash (POT) initiated with a Buy at Calyon
• Rackspace Hosting (RAX) initiated with a Buy at Deutsche Bank; price target $25
• Verizon Communications (VZ) initiated with a Neutral at Cowen