These are the early bird analyst calls with upgrades and downgrades from Wall Street this morning with about two and a half hours until the market opens:

Cadbury (CBY) Raised to Buy at Jefferies.
CenterPoint Energy (CNP) Raised to Buy at Jefferies.
Dollar Tree (DLTR) Raised to Overweight at JPMorgan.
Philips (PHG) Raised to Neutral from underweight at HSBC.
Smithfield Foods (SFD) Raised to Overweight at JPMorgan.
Agrium (AGU) Cut to Neutral at UBS.
Allied Irish Banks (AIB) Cut to Sell at Citigroup.
Anglo American (AAUK) Cut to Underweight at JPMorgan.
Bank of Ireland (IRE) Cut to Sell at Citigroup.
Central European Media (CETV) Cut to Underweight at Thomas Weisel.

Jon C. Ogg
February 26, 2009

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