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Analyst downgrades 1-16-07: limited upside seen at XM Satellite Radio

Posted Jan 16th 2007 11:08AM by Kevin ShultKevin Shult RSS Feed
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Bad News, Cisco Systems (CSCO), XM Satellite Radio (XMSR), Sirius Satellite Radio (SIRI)


MOST NOTEWORTHY: XM Satellite Radio (XMSR) and Cisco Systems (CSCO) topped today's list of notable downgrades.
  • XM Satellite Radio Holdings 'A' (NASDAQ: XMSR) was downgraded by Bank of America to Neutral from Buy, with a $17 target, as they see limited upside potential and significant downside potential if the company doesn't merge with Sirius Satellite Radio (NASDAQ: SIRI).
  • Cisco Systems (NASDAQ: CSCO) was downgraded at Prudential and Bank of America to Neutral, citing valuation for the move.

OTHER DOWNGRADES:
  • Cablevision Systems 'A' (NYSE: CVC) was downgraded to Neutral from Buy at Bank of America as they believe the Dolan family's $30/share bid is probably their best and final offer.
  • Getty Images (NYSE: GYI) was downgraded to Sell from Hold at Kaufman Brothers. They cited the changing stock imaging market, lowered expectations for 2007 and the options review overhang for the downgrade.
  • UIL Holdings (NYSE: UIL) was downgraded to Underweight from Hold at BB&T, citing valuation and lowered estimates.
  • RBC Capital Markets downgraded Abitibi Consolidated (NYSE: ABY) to Underperform from Sector Performer.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Tags: Abitibi, ABY, analyst, Cablevision, Cisco, csco, cvc, downgrade, Getty, gyi, rating change, RatingChange, ratings, siri, sirius, theflyonthewall.com, UIL, UIL Holdings, UilHoldings, XM Satellite, XmSatellite, xmsr

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Last updated: February 13, 2012: 03:59 AM

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