Early Bird Pre-Market Analyst Upgrades & Downgrades (ADTN, EYE, HOC, INCY, PTR, CEG, KSS, VNO, WFMI)

These are some of the early bird analyst calls we are seeing in stocks this Thursday morning which could impact shares:

• ADTRAN (ADTN) Raised to Outperform at Baird.
• Advanced Medical Optics (EYE) Started as Overweight at Thomas Weisel.
• Constellation Energy (CEG) Cut to Hold at Citigroup.
• Holly Corp. (HOC) Raised to Buy at Goldman Sachs.
• Incyte Corp. (INCY) Started as Buy at Goldman Sachs.
• Kohl’s (KSS) Cut to Hold at Citigroup.
• PetroChina (PTR) Raised to Outperform at Credit Suisse.
• Vornado Realty Trust (VNO) Cut to Market Perform at Wachovia.
• Whole Foods (WFMI) Started as Underperform at FBR.

Jon C. Ogg
September 18, 2008