Analyst downgrades 4-30-07: ADBE, AMZN, AGP and POT
Posted Apr 30th 2007 11:07AM by Kevin Shult
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news, Amazon.com (AMZN), Adobe Systems (ADBE)
MOST NOTEWORTHY: Amazon.com, Inc (AMZN), WellCare Health Plans, Inc (WCG) and agricultural chemical stocks were today's more noteworthy downgrades:
- Jefferies cut WellCare Health Plans Inc (NYSE: WCG) to Underperform from Hold and lowered their target to $69 from $80 as the firm believes higher-than-expected medical costs in Georgia will put significant pressure on earnings.
OTHER DOWNGRADES:
- Keefe Bruyette downgraded Federated Investors, Inc (NYSE: FII) to Market Perform from Outperform citing the potential impact from Bank of New York Co (BK)/ Mellon Financial Corp (MEL) transactions.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: adbe, adobe, agp, agrium, agu, amazon, amerigroup, amzn, analyst, cf, CF Inds, CfInds, downgrade, federated, fii, har, harman, pacer, pacr, pot, potash, rating, terra, theflyonthewall.com, tra, wcg, wellcare
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