Analyst downgrades 4-19-07: BBI, BP, CPWR, DPZ and NFLX downgraded today
Posted Apr 19th 2007 11:36AM by Kevin Shult
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Bad News, Netflix, Inc. (NFLX), Blockbuster Inc 'A' (BBI), Compuware Corp (CPWR), Domino's Pizza (DPZ), BP p.l.c. ADS (BP)
MOST NOTEWORTHY: Netflix, Inc (NFLX), Blockbuster Inc (BBI), The Mosaic Company (MOS) and Domino's Pizza, Inc (DPZ) were some of today's noteworthy downgrades:
- First Albany cut Netflix Inc (NASDAQ: NFLX) to Neutral from Buy to reflect weak industry subscriber additions.
- Citigroup cut The Mosaic Company (NYSE: MOS) to Sell from Hold on expectations for a sharp DAP price decline and valuation.
- Domino's Pizza Inc (NYSE: DPZ) was downgraded to Peer Perform from Outperform at Bear Stearns, citing valuation.
OTHER DOWNGRADES:
- Merrill Lynch downgrade BP Plc (NYSE: BP) to Neutral from Buy on valuation.
- Pacific Crest downgraded Linear Technology Corp (NASDAQ: LLTC) to Sector Perform from Outperform based on secular headwinds and an increase in DOI to 82 days.
- Piper Jaffray downgraded Compuware Corp (NASDAQ: CPWR) to Market Perform from Outperform following the disappointing Q4 guidance.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, bbi, blockbuster, bp, compuware, cpwr, domino's, downgrade, dpz, komag, komg, linear, lltc, mos, mosaic, netflix, nflx, rating, smith micro, SmithMicro, smsi, theflyonthewall.com, tnp, tsakos
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