MOST NOTEWORTHY: McDonald's Corp (MCD), Altria Group (MO) and Trimeris, Inc (TRMS) were some of today's more notable downgrades:
- Goldman removed McDonald's Corp (NYSE: MCD) from its America's Conviction Buy List, as the firm sees greater upside opportunity in Starbucks (SBUX).
- Matrix USA cut Altria Group (NYSE: MO) to Buy from Strong Buy.
- Trimeris Inc (NASDAQ: TRMS) was downgraded to Neutral from Buy at First Albany and to Sell from Accumulate at ThinkEquity.
OTHER DOWNGRADES:
- HSBC cut Honeywell International Inc (NYSE: HON) to Neutral from Overweight.
- Deutsche Bank downgraded CBOT Holdings (NYSE: BOT) to Hold from Buy with a $195 target.
- BMO downgraded Take-Two Interactive Software, Inc (NASDAQ: TTWO) to Market Perform from Outperform based on valuation.
- Ferris, Baker Watts downgraded OpenTV Corp (NASDAQ: OPTV) to Neutral from Buy following the company's mixed Q4 results to reflect a lack of earnings visibility.
- Morgan Joseph downgraded Pep Boys (NYSE: PBY) to Hold from Buy. Stephens downgraded Triad Hospitals, Inc (TRI) to Equal Weight from Overweight.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). 
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