Top Pre-Market Analyst Downgrades (AINV, BHI, BAC, WFR, MBT, OZM, SPWRA, STP, VIP, WMT)

These are some of the top pre-market analyst downgrades or cautious calls we are seeing from Wall Street this Wednesday morning:

• Apollo Investment (AINV) Cut to Neutral from Overweight at JPMorgan.
• Baker Hughes (BHI) Cut to Underweight at from Overweight at Morgan Stanley.
• Bank of America (BAC) Cut to Neutral at Baird.
• MEMC Electronics (WFR) Cut to Hold at Citigroup.
• Mobile TeleSystems (MBT) Cut to Underperform at credit Suisse.
• Och-Ziff Capital Management Group LLC (OZM) Cut to Market Perform at KBW.
• Sunpower (SPWRA) Started as Neutral at Merriman Curhan Ford.
• Suntech Power (STP) Started as Sell at Merriman Curhan Ford.
• Vimpel Com (VIP) Cut to Neutral from Outperform at Credit Suisse.
• Wal-Mart (WMT) Cut to Neutral from Outperform at Credit Suisse.

Jon C. Ogg
January 21, 2009