Early Bird Analyst Downgrades (ADBE, BLKB, GLW, DE, ERIC, PCG, PPDI, PLD)

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These are some of the analyst downgrades we have seen from Wall Street this Tuesday morning with more than two hours until the open:

  • Adobe Systems (NASDAQ: ADBE) Cut to Underperform at FBR.
  • Blackbaud (NASDAQ: BLKB) Started as Sell at Maxim Group.
  • Corning (NYSE: GLW) Cut to Market Weight at Thomas Weisel.
  • Deere & Co. (NYSE: DE) Cut to Neutral at JPMorgan.
  • Ericsson (NASDAQ: ERIC) Cut to Sell at UBS.
  • PG&E (NYSE: PCG) Cut to Neutral at Goldman Sachs.
  • Pharmaceutical Product Development (NASDAQ: PPDI) Cut to Neutral at Goldman Sachs.
  • ProLogis (NYSE: PLD) Cut to Underweight at JPMorgan.

Jon C. Ogg
January 13, 2009