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Monday, December 15, 2008

Afternoon Review

AT&T (T) -3.73%
AT&T fell after Goldman Sachs downgraded the company citing the potential for peak dilution from remaining growth initiatives, cyclical exposure in certain businesses and an accelerated pension hit.

JPMorgan Chase & Co (JPM) -7.47%
JPM was downgraded by Merrill Lynch who said the firm may post a fourth-quarter loss and a $2.8 billion writedown.


Quick Hits

Peter Lazaroff, Junior Analyst

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