Top Pre-Market Analyst Downgrades (ATI, BIDU, DISCA, FHN, JNS, NOV, PTEC, RSH, SIGM, VRGY)

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These are some of the top pre-market analyst downgrades we are seeing this Friday-crash morning:

  • Allegheny Tech (ATI) Cut to Hold at Deutsche Bank.
  • Baidu.com (BIDU) Target Cut to $260 from $350 at Goldman Sachs.
  • Discovery Communications (DISCA) Cut to Underweight at JPMorgan.
  • First Horizon National (FHN) Cut to Neutral at Goldman Sachs.
  • Janus Capital (JNS) Cut to Underperform at FBR.
  • National Oilwell Varco (NOV) Cut to Neutral at JPMorgan.
  • Phoenix Tech (PTEC) Cut to Buy from Strong Buy at Needham.
  • Radio Shack (RSH) Cut to Neutral at Goldman Sachs.
  • Sigma Designs (SIGM) Cut to Hold at Deutsche Bank.
  • Verigy (VRGY) Cut to Underperform at Oppenheimer.

Jon C. Ogg
October 24, 2008