Top Pre-Market Analyst Downgrades (ALU, BRLI, GPS, GD, PCK, PSO, PAS, PTR, PKX, RTP, COL, WXS)

The rate of downgrades versus upgrades is still coming out with a much more negative bias from Wall Street.  These are some of the downgrades and negative research calls we have seen from Wall Street analysts this Friday morning:

• Alcatel-Lucent (NYSE: ALU) Cut to Equal Weight at Morgan Stanley.
• Bio-Reference Labs (NASDAQ: BRLI) Cut to Perform at Oppenheimer.
• Gap Inc. (NYSE: GPS) Cut to Hold at Citigroup.
• General Dynamics (NYSE: GD) Cut to Neutral at Goldman Sachs.
• Patriot Coal (NYSE: PCX) Started as Sell at Citigroup.
• Pearson (NYSE: PSO) Cut to Sell at Goldman Sachs.
• PepsiAmericas (PAS) Cut to Sell at Goldman Sachs.
• PetroChina (NYSE: PTR) Cut to Neutral at JPMorgan.
• Posco (NYSE: PKX) Cut to Neutral at Goldman Sachs.
• Rio Tinto (NYSE: RTP) Cut to Hold at Deutsche Bank.
• Rockwell Collins (NYSE: COL) Cut to Sell at Goldman Sachs.
• Wright Express Corp. (NYSE: WXS) Cut to Neutral at JPMorgan.

Jon C. Ogg
January 9, 2009