Top 10 Pre-Market Analyst Calls (BBI, DO, NE, EMC, ELX, HP, MEE, MHK, PVA, TEF, VOD, RIG)

These are the early-bird calls that we are looking at pre-market this Tuesday morning ahead of the earnings deluge that is about to start:

• Blockbuster (NYSE: BBI) Cut to Neutral at JPMorgan.
• Diamond Offshore (NYSE: DO) & Noble Corp. (NYSE: NE) cut to Hold at Deutsche Bank.
• EMC Corp. (NYSE: EMC) cut to Hold from Buy at Citigroup.
• Emulex (NYSE: ELX) Cut to Sell from Buy at Citigroup.
• Helmerich & Payne (NYSE: HP) Started as Overweight at JPMorgan.
• Massey Energy (NYSE: MEE) Raised to Overweight from Neutral at JPMorgan.
• Mohawk Industries (NYSE: MHK) Started as Buy at UBS.
• Penn Virginia (NYSE: PVA) Started as Overweight at Lehman Brothers.
• Telefonica (NYSE: TEF) and Vodafone (NYSE: VOD) started as Outperform at Bernstein.
• Transocean (NYSE: RIG)) cut to Sell from Hold at Deutsche Bank.

Jon C. Ogg
April 15, 2008