Analyst downgrades 3-01-07: Take-Two was taken down, downgraded to Sell
Posted Mar 1st 2007 11:38AM by Kevin Shult
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news, Exxon Mobil (XOM), Circuit City Stores (CC), Harrah's Entertainment (HET)
MOST NOTEWORTHY: Take-Two Interactive Software Inc (TTWO), Circuit City Stores Inc (CC) and Exxon Mobil Corp (XOM) are today's more notable downgrades:
- Both Soleil and Citigroup downgraded Take-Two Interactive Software Inc (NASDAQ: TTWO) to Sell from Hold following the company's earnings shortfall and reduced guidance.
- Piper Jaffray downgraded Circuit City Stores Inc (NYSE: CC) to Market Perform from Outperform and a $20 target, based on checks that indicate weak sales trends following Christmas.
- AG Edwards removed Exxon Mobil Corp (NYSE: XOM) from its Focus Portfolio, believing the company offers less upside potential than other companies in the energy sector...
OTHER DOWNGRADES:
- Harrah's Entertainment Inc (NYSE: HET) was cut to Neutral from Buy at Buckingham Research.
- Sasol Limited ADR (NYSE: SSL) was downgraded to Hold from Buy at Citigroup based on the persistent regulator risk.
- ThinkEquity cut Syniverse Holdings Inc (NYSE: SVR) to Source of Funds from Accumulate citing expectations for increased competition and price pressures.
- Citigroup downgraded Barr Pharmaceuticals Inc (NYSE: BRL) to Hold from buy.
- First Albany cut Shuffle Master Inc (NASDAQ: SHFL) to Neutral from Buy.
- Jefferies downgraded Omnicare Inc (NYSE: OCR) to Hold from Buy with a $44 target.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, barr, brl, cc, circuit city, CircuitCity, downgrade, exxon mobil, ExxonMobil, harrah, het, ocr, omnicare, rating, rating change, RatingChange, sasol, shfl, shuffle master, ShuffleMaster, ssl, svr, syniverse, take-two, theflyonthewall.com, ttwo, xom, xx
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