Top Pre-Market Analyst Downgrades (AA, AZ, ACAS, CAR, CMA, HTZ, KFN, SGMO, TM)

Down_arrow_redThese are the top early bird analyst downgrades we are seeing with more than two hours to the open on this Tuesday morning:

  • Alcoa (NYSE: AA) Cut to Market Perform at FBR.
  • Allianz (NYSE: AZ) Cut to Hold from buy at Citigroup.
  • American Capital (NASDAQ: ACAS) Cut to Market Perform at William Blair; Cut to Hold at BB&T.
  • Avis Budget (NYSE: CAR) Cut to Underweight at Barclays.
  • Comerica (NYSE: CMA) Cut to Hold at Deutsche Bank.
  • Hertz (NYSE: HTZ) Cut to Equal Weight at Barclays.
  • KKR Financial (NYSE: KFN) Cut to Sell at Citigroup.
  • Sangamo Biosciences (NASDAQ: SGMO) Cut to Neutral at Merriman Curhan Ford; Cut to Sell at Piper Jaffray.
  • Toyota (NYSE: TM) Cut to Underweight at HSBC.

Jon C. Ogg
November 11, 2008