Top Pre-Market Upgrades & Downgrades (AB, ABFS, CNY, DKX, BEN, KMT, ODFL, OTTR, PZN, RJF, JOE, TROW, YRCW)

These are not all of the research calls affecting shares of stock, but these are some we have our eyes on this Monday:

• Alliance Bernstein (AB) Raised to Outperform at KBW.
• Arkansas Best (ABFS) Cut to Underweight at JPMorgan.
• Con-Way (CNY) Cut to Neutral at JPMorgan.
• Dick’s Sporting Goods (DKS) Started as Overweight at Lehman.
• Franklin Resources (BEN) Cut to Market Perform at KBW.
• Kennametal (KMT) Cut to Sell at Goldman Sachs.
• Old Dominion Freight Line (ODFL) Cut to Neutral at JPMorgan.
• Otter Tail (OTTR) Raised to Outperform at Baird.
• Pzena (PZN) Cut to Underperform at KBW.
• Raymond James Financial (RJF) Cut to Market Perform at KBW.
• St. Joe (JOE) Cut to Market Perform at KBW.
• T. Rowe Price (TROW) Cut to Underperform at KBW.
• YRC Worldwide (YRCW) Cut to Underweight at JPMorgan.

Jon C. Ogg
September 22, 2008