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Top Pre-Market Analyst Downgrades (ALU, BRLI, GPS, GD, PCK, PSO, PAS, PTR, PKX, RTP, COL, WXS)

The rate of downgrades versus upgrades is still coming out with a much more negative bias from Wall Street.  These are some of the downgrades and negative research calls we have seen from Wall Street analysts this Friday morning: Alcatel-Lucent…

By Douglas A. McIntyre
Published January 9, 2009, 7:17am ET · 1 min read

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Burning_money_picThe rate of downgrades versus upgrades is still coming out with a much more negative bias from Wall Street.  These are some of the downgrades and negative research calls we have seen from Wall Street analysts this Friday morning:

  • Alcatel-Lucent (NYSE: ALU) Cut to Equal Weight at Morgan Stanley.
  • Bio-Reference Labs (NASDAQ: BRLI) Cut to Perform at Oppenheimer.
  • Gap Inc. (NYSE: GPS) Cut to Hold at Citigroup.
  • General Dynamics (NYSE: GD) Cut to Neutral at Goldman Sachs.
  • Patriot Coal (NYSE: PCX) Started as Sell at Citigroup.
  • Pearson (NYSE: PSO) Cut to Sell at Goldman Sachs.
  • PepsiAmericas (PAS) Cut to Sell at Goldman Sachs.
  • PetroChina (NYSE: PTR) Cut to Neutral at JPMorgan.
  • Posco (NYSE: PKX) Cut to Neutral at Goldman Sachs.
  • Rio Tinto (NYSE: RTP) Cut to Hold at Deutsche Bank.
  • Rockwell Collins (NYSE: COL) Cut to Sell at Goldman Sachs.
  • Wright Express Corp. (NYSE: WXS) Cut to Neutral at JPMorgan.

Jon C. Ogg
January 9, 2009

Contact [email protected] for any questions or corrections.

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Douglas A. McIntyre

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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