Top Pre-Market Analyst Downgrades (AXP, AXYS, BJ, CAVM, ERTS, ERIC, FLIR, FTI, GE, HTLD, KNX, NKE, SINA)

These are the top downgrades or negative calls we have seen this Wednesday morning from Wall Street analysts:

• American Express (AXP) Started as Sell at Banc of America; Started as Sell at Citigroup.
• Axsys Technologies (AXYS) Cut to Underweight at JPMorgan.
• BJ’s Wholesale (BJ) Cut to Neutral at JPMorgan.
• Cavium Networks (CAVM) Cut to Market Weight at Thomas Weisel.
• Electronic Arts (ERTS) was downgraded at Citigroup, Banc of America, and piper Jaffray.
• Ericsson (ERIC) Cut to Hold at Citigroup.
• FLIR Systems (FLIR) Cut to Neutral at JPMorgan.
• FMC Tech (FTI) Cut to Sell at UBS.
• General Electric (GE) Cut to Neutral at UBS.
• Heartlan Express (HTLD) Cut to Sell at UBS.
• Knight Transportation (KNX) Cut to Sell at UBS.
• Nike (NKE) Cut to Neutral at Banc of America.
• Sina (SINA) Cut to Hold at Citigroup.

Jon C. Ogg
December 10, 2008

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