Analyst downgrades 5-03-07: BBI, CVC and NDAQ
Posted May 3rd 2007 11:52AM by Kevin Shult
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news, Blockbuster Inc 'A' (BBI)
MOST NOTEWORTHY: Cablevision Systems Corp (CVC), Nasdaq Stock Market Inc (NDAQ), Greenbrier Cos (GBX), Southern Copper Corp (PCU) and Hawaiian Holdings (HA) were today's noteworthy downgrades:
- Oppenheimer downgraded shares of Cablevision Systems Corp (NYSE: CVC) to Neutral from Outperform and does not expect a higher bid to emerge.
- Matrix cut Greenbrier Cos (NYSE: GBX) to Sell from Hold on the belief that slowing demand for double-stack and forest products rail cars is leading to slowing revenues.
- Credit Suisse downgraded Southern Copper (NYSE: PCU) to Underperform from Outperform based on valuation.
- Goldman cut Hawaiian Holdings (AMEX: HA) to Sell from Neutral based on weak fundamentals and increased liquidity concerns.
OTHER DOWNGRADES:
- Morgan Stanley downgraded UBS AG (NYSE: UBS) to Underweight from Equal Weight.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: acls, analyst, axcelis, bbi, blockbuster, cablevision, cbl, cvc, downgrade, gbx, greenbrier, ha, hawaiian holdings, HawaiianHoldings, lojack, lojn, nasdaq stock market, NasdaqStockMarket, ndaq, pcu, rating, southern copper, SouthernCopper, theflyonthewall.com, ubs
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