Top Pre-Market Analyst Downgrades (ADCT, ADTN, CBI, CIEN, CSCO, PAC, OESX, SAI, TWTC, USB, VRAZ)

Investing

Published: July 16, 2008 6:44 am

These aren’t all of the downgrades or negative analyst calls we have seen this Wednesday, but these are some of the impact analyst calls we are seeing:

ADC Telecommunications (NASDAQ: ADCT) Cut to Neutral from Outperform at Credit Suisse.
Adtran (NASDAQ: ADTN) Cut to Underperform from Neutral at Credit Suisse.
Chicago Bridge & Iron (NYSE: CBI) Cut to Neutral at JPMorgan.
Ciena (NASDAQ: CIEN) Cut to Underperform from Outperform at Credit Suisse.
Cisco Systems (NASDAQ: CSCO) Cut to Neutral from Outperform at Credit Suisse.
Grupo Aeroportuario (NYSE: PAC) Cut to Sell from Neutral at Goldman Sachs.
Orion Energy Systems (NASDAQ: OESX) Cut to Market Weight at Thomas Weisel.
SAIC (NYSE: SAI) Cut to Neutral from Outperform at Cowen.
TW Telecom (NASDAQ: TWTC) Cut to Underweight from Overweight at JPMorgan.
US Bancorp (NYSE: USB) Cut to Sell from Hold at Deutsche Bank.
Veraz Networks (NASDAQ: VRAZ) Cut to Underperform from Hold at Jefferies.

Jon C. Ogg
July 16, 2008

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