Many Monday Pre-Market Downgrades (CEG, FIS, FISV, DNA, KBW, NKE, PSO, SHW, SWIR, SWK, WERN, WIT)

These are among the top analyst Downgrades or negative analyst calls affecting shares this Monday morning in pre-market trading:

• Constellation Energy (NYSE: CEG) Downgraded to Underperform at Jefferies.
• Fidelity National (NYSE: FIS) Cut to Perform at Oppenheimer.
• Fiserv (NASDAQ: FISV) Cut to Perform at Oppenheimer.
• Genentech (NYSE: DNA) Raised to Overweight at Lehman.
• KBW (NYSE: KBW) Cut to Market Perform at FBR.
• Nike (NYSE: NKE) Cut to Neutral at HSBC.
• Pearson plc (NYSE: PSO) Cut to Sell at Deutsche Bank.
• Satyam Computer Services (NYSE: SAY) Cut to Equal Weight at Morgan Stanley; Cut to Underperform at Credit Suisse.
• Sherwin Williams (NYSE: SHW) Cut to Sell at Goldman Sachs.
• Sierra Wireless (NASDAQ: SWIR) Target cut to $20 from $25 at CIBC.
• Stanley Works (NYSE: SWK) Cut to Hold at Deutsche Bank.
• Werner Enterprises (NASDAQ: WERN) Cut to Sell at UBS.
• WIPRO (NYSE: WIT) Cut to Underperform at Credit Suisse.

Jon C. Ogg
July 21, 2008

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