Top Pre-Market Analyst Downgrades (ANF, AFFY, T, CPHD, DAI, RF, STJ, TASR, NCTY, TIF, WTSLA)

These are some of the top analyst Downgrades and negative calls we are seeing early this Friday morning:

• Abercrombie & Fitch (ANF) Cut to Neutral at Banc of America.
• Affymax (AFFY) Cut to Hold at Deutsche Bank.
• AT&T (T) Cut to Neutral at JPMorgan.
• Cepheid (CPHD) Cut to Underperform at Jefferies.
• Daimler (DAI) Cut to Neutral at HSBC.
• Regions Financial (RF) Cut to Neutral at Banc of America.
• St. Jude Medical (STJ) Started as Neutral at Piper Jaffray.
• TASER (TASR) Cut to Neutral at Merriman Curhan Ford.
• The9 Ltd. (NCTY) Cut to Sell at Goldman Sachs.
• Tiffany (TIF) Cut to Sell at Banc of America.
• Wet Seal (WTSLA) Cut to Neutral at Piper Jaffray.

Jon C. Ogg
July 25, 2008

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