Top Analyst Downgrades (ARMH, CHU, ERIC, EXPE, GGG, MTB, SNE, TEX)

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These are the top downgrades and negative research calls we have seen so far from Wall Street analysts this Thursday morning:

Arm Holdings (ARMH) Cut to Neutral at Goldman Sachs.
China Unicom Hong Kong (CHU) Cut to Equal Weight at Morgan Stanley.
Ericsson (ERIC) Cut to Market Perform at Bernstein.
Expedia (EXPE) Cut to Neutral at JPMorgan.
Graco Inc. (GGG) Cut to Underperform at Baird.
M&T Bank (MTB) Cut to Hold at Citigroup.
Sanofi-Aventis (SNE) Reiterated as Underperform at Jefferies.
Terex (TEX) Cut to Masrket Perform at Wachovia.

JON C. OGG