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MOST NOTEWORTHY: Lloyds TSB Group, OmniVision and National Instruments were today's noteworthy downgrades:
- Credit Suisse downgraded shares of Lloyds TSB Group (NYSE: LYG) to Underperform from Neutral as they see greater mortgage risk and capital issues.
- Oppenheimer cut OmniVision (NASDAQ: OVTI) to Perform from Outperform to reflect challenging conditions in the low-end Chinese handset market.
- Thomas Weisel downgraded shares of National Instruments (NASDAQ: NATI) to Market Weight from Overweight as they expect EPS growth as operating margins approach cyclical peaks.
OTHER DOWNGRADES:
- Air France-KLM (OTC: AFLYY) was cut to Hold from Buy at Citigroup and to Neutral from Buy at Merrill.
- Exelon (NYSE: EXC) and Edenor (NYSE: EDN) were both downgraded at Citigroup to Hold from Buy.
- Goldman lowered Grupo Aeroportuario del Pacifico (NYSE: PAC) to Neutral from Buy.
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