Top Pre-Market Analyst Downgrades (AMLN, BIIB, CIEN, XOM, GFA, MXIM, BTU, SLT, SPWRA)

These are some of the top pre-market downgrades and cautious calls we have seen from Wall Street analysts this Wednesday morning:

• Amylin Pharmaceuticals (AMLN) Cut to Sell at Canaccord Adams.
• Biogen Idec (BIIB) Started as Sell at Brean Murray.
• Ciena (CIEN) Cut to Underperform at Credit Suisse.
• Exxon Mobil (XOM) Cut to Neutral at UBS.
• Gafisa (GFA) Cut to Neutral at UBS.
• Maxim Integrated (MXIM) Cut to Equal Weight at Barclays.
• Peabody Energy (BTU) Cut to Market Perform at FBR.
• Sterlite Industries (SLT) Cut to Sell at Citigroup.
• Sunpower (SPWRA) Cut to Accumulate at ThinkEquity.

Jon C. Ogg
January 28, 2009

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