Top Analyst Upgrades & Downgrades (ANR, BJS, DL, RIMM, AGU, CF, MNT, POT, TRA)

There are actually very few analyst calls this morning and some of these may even be carry-over calls from late yesterday:

• Alpha Natural Resources (ANR) raised to buy at UBS.
• BJ Services (BJS) raised to Equal Weight at Morgan Stanley.
• China Distance Education (DL) started as buy at Citigroup.
• Research in Motion (RIMM) raised to outperform but target cut to $110 at Raymond James; raised to neutral from underperform at Credit Suisse.
• Agrium (AGU) cut to hold at Citigroup.
• CF Industries (CF) cut to hold at Citigroup.
• Mentor Corp. (MNT) cut to hold at Jefferies.
• Potash Corp. (POT) target cut to $250 from $375 at RBC.
• Research in Motion (RIMM) cut to hold at Canaccord; cut to sector perform at RBC.
• Terra Industries (TRA) cut to hold at Citigroup.

Jon C. Ogg
September 26, 2008