Analyst downgrades 4-20-07: CBRL, COF, LUV and SGP downgraded today
Posted Apr 20th 2007 11:39AM by Kevin Shult
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news, Southwest Airlines (LUV)
MOST NOTEWORTHY: Schering-Plough Corp (SGP), Southwest Airlines Co (LUV), Capital One Financial Corp (COF), Robert Half International Inc (RHI) and Heartland Express, Inc (HTLD) were today's more noteworthy downgrades:
- Schering-Plough Corp (NYSE: SGP) was downgraded to Market Perform from Strong Buy at Raymond James, to Neutral from Overweight at HSBC and to Hold from Buy at AG Edwards on valuation.
- Capital One Financial (NYSE: COF) was cut to Market Perform from Outperform at Freidman Billings and to Neutral from Buy at Merrill Lynch following its first quarter miss.
OTHER DOWNGRADES:
- Jefferies downgraded shares of RightNow Technologies (NASDAQ: RNOW) to Hold from Buy with a $17 target. William Blair downgraded RightNow to Market Perform from Outperform based on the company's sales organization changes and weak bookings.
- Shares of CBRL Group, Inc (NASDAQ: CBRL) were downgraded at JP Morgan to Neutral from Overweight based on difficult near-term fundamentals and limited visibility.
- Baird cut HNI Corp (NYSE: HNI) to Underperform from Neutral.
- Brean Murray downgraded Genitope (NASDAQ: GTOP) to Sell from Hold.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, capital one, CapitalOne, capitol, cbc, cbrl, cea, china eastern, ChinaEastern, cof, downgrade, genitope, gtop, heartland, hni, hni corp, HniCorp, htld, luv, rating, rhi, rightnow, rnow, robert half, RobertHalf, schering, sgp, southwest, theflyonthewall.com
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