These are some of this morning’s top pre-market analyst upgrades and positive research calls from Wall Street this Thursday morning with over two hours until the market opens:

• Axsys Technologies (AXYS) Raised to Overweight at JPMorgan.
• Crucell (CRXL) Started as Buy at Jefferies.
• DuPont Fabros Technology (DFT) Raised to Outperform at Wachovia.
• Level 3 Communications (LVLT) Raised to Hold at Stanford.
• Ligand Pharmaceuticals (LGND) Started as Buy at Merriman Curhan Ford.
• Northrop Grumman (NOC) Raised to Outperform at Bernstein.
• Oxigene (OXGN) Started as Buy at Merriman Curhan Ford.
• Pfizer (PFE) Raised to Outperform at Leerink Swann.

Jon C. Ogg
February 12, 2009