Analyst downgrades 4-13-07: JBHT, LMT, LTD and MEDI downgraded today

Posted Apr 13th 2007 11:21AM by Kevin Shult
Filed under: Analyst Upgrades and Downgrades, Bad News, Lockheed Martin (LMT), Limited Brands (LTD), Hunt(J.B.) Transport (JBHT)

MOST NOTEWORTHY: Some of today's noteworthy downgrades were Medimmune Inc (MEDI), J.B. Hunt (JBHT), Lockheed Martin (LMT), Komag (KOMG) and Victor Corp (VICR):

Freidman Billings cut Medimmune inc (NASDAQ: MEDI) to Market Perform from Outperform on valuation. Prudential downgraded shares to Neutral from Overweight and recommended investors take profits in the company.
J.B. Hunt Transport Services Inc (NASDAQ: JBHT) was downgraded to Peer Perform from Outperform at Bear Stearns citing valuation.
Lockheed Martin (NYSE: LMT) was removed from Goldman Sachs Conviction Buy List and prefers L-3 Communication (LLL) over the large-cap aerospace/defense company.
Komag Inc (NASDAQ: KOMG) was downgraded to Sell from Neutral at American Technology as they believe industry fundamentals have weakened and that the Seagate (STX) preannouncement will increase pricing pressure.

OTHER DOWNGRADES:

Stifel downgraded Mercantile Bank (NASDAQ: MBWM) to Hold from Buy at Stifel.
Soliel downgraded shares of Limited Brands (NYSE: LTD) to Hold from Buy.
Matrix USA cut DSP Group (NASDAQ: DSPG) to Strong Sell from Hold.
Brean Murray downgraded shares of Keithley Instruments (NYSE: KEI) to Sell from Buy with a $13 target following the company's Q2 pre-announcement.
Needham cut Semitool Inc (NASDAQ: SMTL) to Hold from Buy.