Analyst downgrades 5-10-07: CACH, RSH, RTP and WFMI
Posted May 10th 2007 11:12AM by Kevin Shult
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news, Whole Foods Market (WFMI), RadioShack Corp (RSH), Rio Tinto plc ADS (RTP)
MOST NOTEWORTHY: Dendreon Corp (DNDN), Whole Foods Market, Inc (WFMI), Rio Tinto plc (RTP), El Paso Corp (EP), and Oplink Communications, Inc (OPLK) were today's more notable downgrades:
- Banc of America downgraded shares of Dendreon Corp (NASDAQ: DNDN) to Sell from Neutral following the FDA's request for additional clinical data for Provenge.
- BMO Capital downgraded Rio Tinto plc (NYSE: RTP) to Underperform from Market Perform based on valuation.
- El Paso Corp (NYSE: EP) was cut to Sell from Buy at Matrix after the company's weak operating performance.
- Merriman downgraded shares of Oplink Communications (NASDAQ: OPLK) to Sell from Neutral based on concerns over the OCP acquisitions and inventory...
OTHER DOWNGRADES:
- Credit Suisse downgraded shares of RadioShack Corp (NYSE: RSH) to Neutral from Outperform.
- Piper Jaffray downgraded shares of Cache, Inc (NASDAQ: CACH) to Market Perform from Outperform.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: 24/7, analyst, cach, cache, dendreon, dndn, downgrade, el paso, ElPaso, ep, har, harman, oplink, oplk, radioshack, rating, resto, restoration, rio tinto, RioTinto, rsh, rtp, tfsm, theflyonthewall.com, wfmi, whole foods, WholeFoods
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