Top 10 Pre-Market Analyst Calls (AU, CEPH, KO, CXR, MCO, NVO, URBN, WAG, CVC, CMCSA, TWC, DISH, DTV)

Below are some of the key general calls we are looking at in early pre-market trading:

• Anglogold (NYSE: AU) downgraded to Neutral from Buy at UBS.
• Cephalon (NASDAQ: CEPH) downgraded to Underperform at Morgan Stanley.
• Coca-Cola (NYSE: KO) raised to Outperform at Bear Stearns.
• Cox Radio (NYSE: CXR) downgraded to Equal Weight at Morgan Stanley.
• Moody’s (NYSE: MCO) raised to Buy from Hold at Citigroup.
• Novo Nordisk (NYSE: NVO) raised to Outperform at Bernstein.
• Urban Outfitters (NASDAQ: URBN) raised to Peer Perform a Bear Stearns.
• Walgreen (NYSE: WAG) raised to Buy from Neutral at UBS.

Cable & Satellite Initiations: UBS has initiated cable and satellite companies. Cablevision (NYSE: CVC), Comcast (NASDAQ: CMCSA), and Time Warner Cable (NYSE: TWC) were all started as neutral at UBS.  DIRECTV (NYSE: DTV) was initiated as Buy and DISH Network (NASDAQ: DISH) was initiated with a Neutral rating.

Jon C. Ogg
February 8, 2008