Top Pre-Market Analyst Downgrades (KELYA, KLAC, LRCX, MRVL, PNY, RHI, SNDA, XLNX)

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These are the top downgrades and negative analyst calls we are seeing this Thursday morning:

  • Kelly Services (KELYA) Cut to Sell at Citigroup.
  • KLA-Tencor (KLAC) Cut to Equal-weight at Morgan Stanley.
  • Lam Research (LRCX) Cut to Underweight at Morgan Stanley.
  • Marvell Technology (MRVL) Started as Neutral at Credit Suisse.
  • Piedmont Natural Gas (PNY) Cut to Neutral at Baird.
  • Robert Half (RHI) Cut to Sell at Citigroup.
  • Shanda Interactive (SNDA) has seen estimate and targets cut by Citigroup, JPMorgan, and Goldman Sachs.
  • Xilinx (XLNX) Started as Neutral at Credit Suisse.

Jon C. Ogg
September 4, 2008