Top Pre-Market Analyst Downgrades (AKAM, AVP, CPKI, CBG, FDX, GGP, HOLX, JLL, TIN, THQI, TBL, TROW, USNA)

These are the early bird Downgrades and negative calls from analysts we are seeing this Thursday morning:

• Akamai (AKAM) Cut to Market Perform at FBR.
• Avon (AVP) Cut to Hold at Deutsche Bank.
• California Pizza Kitchen (CPKI) Cut to Neutral at Baird.
• CB Richard Ellis (CBG) Cut to Neutral at JPMorgan.
• FedEx (FDX) Cut to Equal Weight at Morgan Stanley.
• General Growth Properties (GGP) Cut to Sell at Citigroup.
• Hologic (HOLX) Cut to Hold at Jefferies.
• Jones Lang LaSalle (JLL) Cut to Neutral at JPMorgan.
• Temple-Inland (TIN) Cut to Neutral at Credit Suisse.
• THQ (THQI) Cut to Perform at Oppenheimer.
• Timberland (TBL) Cut to Sell at Citigroup.
• T.Rowe Price (TROW) Cut to Market Perform at Wachovia.
• USANA (USNA) Cut to Underperform at Jefferies.

Jon C. Ogg
July 31, 2008

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