Analyst downgrades 3-28-07: CV Therapeutics, Deutsche Telecom downgraded today
Posted Mar 28th 2007 10:41AM by Kevin Shult
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news
MOST NOTEWORTHY: CV Therapeutics, Inc (CVTX) and Stone Energy Corp (SGY) topped today's modest-sized list of downgrades:
- Citigroup cut CV Therapeutics Inc (NASDAQ: CVTX) to Sell from Hold with a $6 target due to the diminished market potential for Ranexa and its high operating expenses. First Albany downgraded shares to Neutral from Strong Sell to reflect the lack of catalysts.
- Matrix USA cut Stone Energy Corp (NYSE: SGY) to Strong Sell from Hold, believing significant cost increases are driving negative fundamental trends.
OTHER DOWNGRADES:
- Deutsche Telecom AG (NYSE: DT) was downgraded to Peer Perform from Outperform at Bear Stearns as the firm believes evidence of a turnaround needs to be seen before shares move higher.
- Thomas Weisel cut Brady Corporation (NYSE: BRC) to Market Weight from Overweight to reflect lower confidence in management's ability to deploy capital effectively.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, brady, brc, cv therapeutics, CvTherapeutics, cvtx, deutsche, downgrade, dt, osg, overseas, rating, sgy, sigm, sigma, stone energy, StoneEnergy, theflyonthewall.com
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