Czech market trades lower today in-line with global sentiment. Volatility is in-line with average. reported 3Q07 results today before the open, which was slightly worse than expected. posted one-off related to revaluation of investments in Agrobohemie and Synthesia. CEZ traded below 1300 level after local investors execuded stop losses. Zentiva target price was cut to 850 vs 950 at . Also Erste cuts Zentivas target price to CZK1090 from CZK1520. S&P lifted rating oulook to POSITIVE vs STABLE yesterday late afternoon.