Early Bird Analyst Downgrades (DO, ESV, HBC, MORN, PPO, PWAV, RDC, TDW, TROW)

These are some of the early analyst downgrades we are seeing from Wall Street this Friday morning with about two and a half hours until the open:

• Diamond Offshore (DO) Cut to Hold at Jefferies.
• Ensco (ESV) Cut to Hold at Jefferies.
• HSBC (HBC) Cut to Sell at Goldman Sachs.
• Morningstar (MORN) Cut to Market Perform at KBW.
• Polypore International (PPO) Cut to Hold at BB&T.
• Powerwave (PWAV) Cut to Neutral at Baird.
• Rowan Companies (RDC) Cut to Hold at Jefferies.
• Tidewater (TDW) Cut to Hold at Jefferies.
• T. Rowe Price (TROW) Cut to Market Perform at KBW.

Jon C. Ogg
October 31, 2008