Analyst downgrades 5-07-07: AH, AMZN, CECO, MSFT and VZ
Posted May 7th 2007 11:42AM by Kevin Shult
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Bad News, Microsoft (MSFT), Amazon.com (AMZN), Verizon Communications (VZ)
MOST NOTEWORTHY: Microsoft (MSFT), Career Education Corp (CECO), Verizon Communications (VZ), Transocean Inc (RIG) and GlobalSanteFe Corp (GSF) were some of today's notable downgrades:
- Davenport cut shares of Microsoft (NASDAQ: MSFT) to Neutral from Buy citing concerns of a potential Yahoo! (YHOO) acquisition, which would significantly dilute earnings.
- Gabelli downgraded shares of Career Education (NASDAQ: CECO) to Hold from Buy as the firm believes turnaround efforts at the University segment are not gaining traction.
- With the greater dependence on midwater floaters, AG Edwards believes Transocean Inc (NYSE: RIG) now has a more balanced risk/reward and cut shares to Hold from Buy.
- AG Edwards also cut GlobalSanteFe (NYSE: GSF) to Hold from Buy based on the company's greater dependence on international jackups and balanced risk/reward.
OTHER DOWNGRADES:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: ah, amazon, amzn, analyst, armor, career, ceco, downgrade, globalsantafe, gsf, landamerica, lgf, linear, lltc, microsoft, msft, rating, rig, theflyonthewall.com, transocean, verizon, vz, westwood, won
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