Analyst downgrades 4-09-07: Hess Corp & American Home Mortgage downgraded today
Posted Apr 9th 2007 10:57AM by Kevin Shult
Filed under: Analyst Upgrades and Downgrades, Bad News
MOST NOTEWORTHY: Hess Corp (HES), American Home Mortgage Investment Corp (AHM) and Anglo American plc (AAUK) were today's noteworthy downgrades.
- Lehman Brothers downgraded Hess Corp (NYSE: HES) to Underweight from Equal-Weight based on valuation.
- American Home Mortgage Investment Corp (NYSE: AHM) was cut to Underperform from Market Perform at Keefe Bruyette, to Market Perform from Outperform at Friedman Billings, to Equal-Weight from Overweight at Lehman Brothers, to Sell from Hold at Citigroup and to Hold from Buy at Deutsche Bank.
- Anglo American plc (NASDAQ: AAUK) was downgraded to Underperform from Market Perform at BMO Capital Markets based on valuation.
OTHER DOWNGRADES:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: aauk, ahm, alaska air, AlaskaAir, alk, american home mortgage, AmericanHomeMortgage, analyst, anglo american, AngloAmerican, avnet, avt, blyth, bth, downgrade, hes, hess, mur, murphy, rating, schluman, shlm, theflyonthewall.com
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