Top Pre-Market Analyst Downgrades (AZO, CX, FNM, ISIL, MHK, NVDA, PETM, POR, TSCO, UST)

These are some of the larger impact calls from analysts with downgrades or negative calls we are seeing this Monday morning with more than two hours to the open:

• AutoZone (AZO) Cut to Neutral at Goldman Sachs.
• Cemex (CX) Cut to Hold at Deutsche Bank.
• Fannie Mae (FNM) and Freddie Mac (FRE) Cut to Sell from Buy at Citigroup.
• Intersil (ISIL) Cut to Neutral at UBS.
• Mohawk Industries (MHK) Cut to Underweight at JPMorgan.
• NVIDIA (NVDA) Cut to Sell at UBS.
• PetSmart (PETM) Cut to Neutral at Goldman Sachs.
• Portland General Electric (POR) Cut to Neutral at Goldman Sachs.
• Tractor Supply (TSCO) Cut to Neutral at UBS.
• UST (UST) Cut to Neutral at UBS.

Jon C. Ogg
September 8, 2008