Analyst downgrades 5-14-07: GOOG, PETM and RDY
Posted May 14th 2007 11:03AM by Kevin Shult
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news, Google (GOOG)
MOST NOTEWORTHY: PetSmart, Inc (PETM), Google (GOOG), Dr. Reddy's Laboratories Ltd (RDY) and Optimal Group Inc (OPMR) were today's more noteworthy downgrades:
- First Global downgraded shares of Google Inc (NASDAQ: GOOG) to Market Perform from Outperform.
- Morgan Stanley downgraded shares of Dr. Reddy's Laboratories (NYSE: RDY) to Equal-Weight from Overweight after a U.S. court ruling appeared set to block generic competition to Japanese company Eisai Co, Ltd's (ESALY) ulcer drug Aciphex.
- B. Riley downgraded shares of Optimal Group (NASDAQ: OPMR) to Neutral from Buy to reflect increasing uncertainty regarding further legal actions, which may be taken by the U.S. Attorney's office against the company...
OTHER DOWNGRADES:
- Teck Cominco Ltd (NYSE: TCK) was downgraded to Sector Performer from Sector Outperformer at CIBC.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: adg, allied defense, AlliedDefense, analyst, bpfh, downgrade, emag, emageon, goog, google, healthspring, hs, opmr, optimal, petm, petsmart, rating, rdy, reddy's, tck, teck, theflyonthewall.com
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