Top Analyst Upgrades (ALU, AMGN, HBC, IFX, SMTC, DIS, WBMD)

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These are some of the top pre-market analyst upgrades and positive research calls we have seen from Wall Street this Wednesday morning with more than two hours until the market opens:

Alcatel-Lucent (ALU) Raised to Neutral from Sell at Goldman Sachs.
Amgen (AMGN) Started as Outperform at Wachovia.
HSBC (HBC) Raised to Neutral at JPMorgan.
Infineon Technologies (IFX) Raised to Buy at BofA/Merrill.
Semtech Corp. (SMTC) Raised to Outperform at Oppenheimer.
Walt Disney (DIS) Raised to Overweight at Barclays.
WebMD (WBMD) Raised to Accumulate at ThinkEquity.