Top Pre-Market Analyst Upgrades (AVR, BLL, CE, ETR, HCP, HR, MRK, PTNR, PTEN, UAUA, VSE)

These are not all of the upgrades or positive analyst calls seen this morning but these are some of the top calls seen this Friday morning:

• Aventine Renewable (NYSE: AVR) Raised to Buy from Neutral at UBS.
• Ball Corp (NYSE: BLL) Raised to Buy from Neutral at Goldman Sachs.
• Celanese (NYSE: CE) Started as Outperform at Credit Suisse.
• Entergy (NYSE: ETR) Raised to Buy from Hold at Jefferies.
• HCP (NYSE: HCP) Raised To Buy From Neutral By Goldman Sachs.
• Healthcare Realty Trust (NYSE: HR) Started as Outperform at Wachovia.
• Merck (NYSE: MRK) Started as Buy at Citigroup.
• Partner Communications (NASDAQ: PTNR) Started as Outperform at RBC Capital.
• Patterson-UTI Energy (NASDAQ: PTEN) Raised to Outperform at Credit Suisse.
• UAL (NASDAQ: UAUA) Raised to Overweight from Underweight at JPMorgan.
• Yum! Brands (NYSE: YUM) Raised to Outperform from Market Perform at Wachovia.
• VeraSun Energy (NYSE: VSE) Raised to Buy from Neutral at UBS.

Jon C. Ogg
July 18, 2008

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