Top Pre-Market Analyst Downgrades (BPT, BSY, DELL, ETR, HTE, IFX, NVLS, PM, POWI, SBR, TXT, THQI)

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

• BP Prudhoe Bay Royalty (BPT) Cut to Sell at Citigroup.
• British Sky Broadcast (BSY) Cut to Neutral at UBS.
• DELL (DELL) Cut to Underweight at JPMorgan.
• Entergy (ETR) Cut to Neutral at JPMorgan.
• Harvest Energy Trust (HTE) Cut to Sell at Citigroup.
• Infineon (IFX) Cut to Underweight at JPMorgan.
• Novellus Systems (NVLS) Cut to Neutral at Bank of America-Merrill Lynch.
• Philip Morris International (PM) Cut to Neutral at Credit Suisse.
• Power Integrations (POWI) Cut to Neutral at Piper Jaffray.
• Sabine Royalty Trust (SBR) Cut to Sell at Citigroup.
• Textron (TXT) Cut to Neutral at JPMorgan.
• THQ Inc. (THQI) Cut to Neutral at Piper Jaffray.

Jon C. Ogg
February 5, 2009