Top Pre-Market Analyst Downgrades (DDR, FII, LM, PIR, SPLS, ULTA, WFMI)

These are some of the top downgrades and negative calls we are seeing from Wall Street analysts this Tuesday morning:

• Developers Diversified (DDR) Cut to Neutral at Goldman Sachs.
• Federated Investors (FII) Cut to Neutral at JPMorgan.
• Legg Mason (LM) Cut to Underperform at FBR.
• Pier 1 Imports (PIR) Cut to Neutral at UBS.
• Regency Centers (REG) Cut to Sell at Goldman Sachs.
• Staples (SPLS) Cut to Underperform at RBC.
• Ulta Salon (ULTA) Cut to Neutral at Baird.
• Whole Foods (WFMI) Cut to Market Perform at William Blair.

Jon C. Ogg
November 25, 2008

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