Top Pre-Market Analyst Downgrades (ANF, ATVI, AA, CB, DELL, ERTS, FCX, MTL, STP)

These are the top research downgrades and negative analyst calls we are seeing this Monday morning with more than two hours to the open:

• Abercrombie & Fitch (ANF) Cut to Market Perform at FBR.
• Activision Blizzard (ATVI) Cut to Neutral at Merrill Lynch.
• Alcoa (AA) Cut to Neutral at UBS.
• Chubb (CB) Cut to Equal Weight at Barclays.
• Dell (DELL) Cut to Neutral at Merrill Lynch.
• Electronic Arts (ERTS) Cut to Neutral at Merrill Lynch.
• Freeport-McMoRan (FCX) Cut to Neutral at JPMorgan.
• Mechel Steel (MTL) Cut to Sell at Citigroup.
• Suntech Power (STP) Cut to Underweight at JPMorgan.

Jon C. Ogg
November 17, 2008