Early-Bird Analyst Downgrades (CMVT, CTRP, GET, DNA, HAR, JNJ, PTRY, WDFC)

These are some of the early analyst calls we are seeing early this Friday morning:

• Comverse Technology (CMVT) Cut to Neutral at JPMorgan.
• Ctrip.com (CTRP) Cut estimates and maintained Buy but target cut 1/3 to $53 by Citigroup.
• Gaylord Entertainment (GET) Cut to Market Perform at Wachovia.
• Genentech (DNA) Cut to Hold at Citigroup.
• Harman (HAR) Cut to Neutral at Baird.
• J&J (JNJ) Cut to Neutral at UBS.
• Pantry (PTRY) Cut to Market Perform at FBR.
• WD-40 (WDFC) Cut to Underweight at JPMorgan.

Jon C. Ogg
August 15, 2008