These are some of the top analyst downgrades we are seeing from Wall Street firms this Thursday morning with more than two hours to the open:
- ADC Telecommunications (ADCT) Cut to Underweight from Overweight at JPMorgan.
- Alcon (ACL) Cut to Neutral from Overweight at JPMorgan.
- American Medical Systems (AMMD) Cut to Market Weight at Thomas Weisel.
- Buckeye Group Holdings LP (BGH) Cut to Neutral at Goldman Sachs.
- Colonial Bancgroup Inc. (CNB) Cut to Neutral at JPMorgan.
- Con-Way,Iinc (CNW) Cut to Neutral at Baird.
- Electronic Arts (ERTS) Cut to Sell at S&P Equity Research.
- Freeport-McMoRan (FCX) Cut to Neutral from Buy at Goldman Sachs.
- Nordic American Tanker (NAT) Cut to Neutral at JPMorgan.
- Overseas Shipholding (OSG) Cut to Neutral at JPMorgan.
- Souhern Copper (PCU) Cut to Sell at Goldman Sachs.
- STMicroelectronics (STM) Cut to Hold at S&P Equity Research.
Jon C. Ogg
October 23, 2008