Top Pre-Market Upgrades/Downgrades (DB, BRCM, DO, INTC, NE, RIG, BA, NOC)

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

Upgrades:

• ABB (ABB) upgraded to Buy at Goldman
• Corning (GLW) upgraded to Outperform at Bernstein
• Deutsche Bank (DB) upgraded to Buy at Societe Generale
• Semtech (SMTC) upgraded to Buy at BroadPoint AmTech
• Silicon Graphics (SGI) upgraded to Outperform at Morgan Keegan

Downgrades:

• Broadcom (BRCM) downgraded to Neutral at Susquehanna
• Diamond Offshore Drilling (DO) downgraded to Sell at Goldman
• Emulex (ELX) downgraded to Perform at Morgan Keegan
• Intel (INTC) downgraded to Neutral at Susquehanna
• Noble (NE) downgraded to Neutral at Goldman
• Transocean (RIG) downgraded to Neutral at Goldman

Coverage Initiated:

• Boeing (BA) initiated with a Buy at Deutsche Bank
• Clarient (CLRT) initiated with a Buy at Morgan Joseph; price target $4
• Cree (CREE) initiated with a Buy at Wunderlich
• Marvell Technology Group (MRVL) initiated with a Buy at Janney
• Microchip (MCHP) initiated with a Positive at Susquehanna
• Microsemi (MSCC) initiated with a Buy at Janney
• Northrup Grumman (NOC) initiated with a Hold at Deutsche Bank