Top Pre-Market Analyst Upgrades (AKS, BHI, IPI, NAT, PSYS, SGLP, SNN, SYNA, ULTA)

AKS, BHI, IPI, NAT, PSYS, SGLP, SNN, SYNA, ULTA
These are some of the top upgrades or positive analyst calls we are seeing this Wednesday morning in early pre-market hours:

• AK Steel (AKS) Raised to Overweight at JPMorgan.
• Baker Hughes (BHI) raised to Buy at UBS.
• Intrepid Potash (IPI) Started as Outperform at BMO Capital.
• Nordic American Tanker (NAT) Raised to Overweight at JPMorgan.
• Psychiatric Solutions (PSYS) Started as Buy at Stanford Group.
• Semgroup Energy (SGLP) Raised to Market Perform at Wachovia.
• Smith & Nephew (SNN) Raised to Buy at Piper Jaffray.
• Synaptics (SYNA) Raised to Outperform at Oppenheimer.
• Ulta Salon (ULTA) Started as Outperform at Oppenheimer.

Jon C. Ogg
July 23, 2008