Top Pre-Market Analyst Downgrades (ADBE, ADSK, LLNW, NIHD, ORLY, QSFT, SLM, SNTA, USM)

These are the top pre-market analyst downgrades and negative research calls we have seen this Friday morning:

• Adobe (ADBE) Cut to Market Perform at Wachovia.
• Autodesk (ADSK) Cut to Hold at KeyBanc.
• Limelight Networks (LLNW) Cut to Hold at Jefferies.
• NII Holdings (NIHD) Cut to Neutral at Piper Jaffray.
• O’Reilly Autoparts (ORLY) Cut to Hold at Deutsche Bank.
• Quest Software (QSFT) Cut to Market Weight at Thomas Weisel.
• SLM (SLM) Cut to Equal Weight at Barclays.
• Synta Pharmaceuticals (SNTA) downgraded at Lazard, Roth Capital, and Wachovia.
• US Cellular (USM) Cut to Underperform at Baird.

JON C. OGG