Analyst downgrades 6-08-07: NKE, FL, TLAB, ADTN and BKHM
Posted Jun 8th 2007 10:24AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Allergan (AGN), Lowe's Cos (LOW), Cheesecake Factory (CAKE)
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MOST NOTEWORTHY: Nike Inc (NYSE:
NKE),
Foot Locker Inc (NYSE:
FL),
Tellabs Inc (NASDAQ:
TLAB),
ADTRAN, Inc (NASDAQ:
ADTN) and
Bookham, Inc (NASDAQ:
BKHM) were today's noteworthy downgrades:
- Banc of America downgraded shares of both Nike and Foot Locker to Neutral from Buy, as the firm believes industry pressures in the U.S. could more than offset the potential turn in Europe and benefit from the 2008 Olympics.
- Cowen downgraded shares of ADTRAN, Bookham and Tellabs to Neutral from Outperform.
- Goldman Sachs also downgraded shares of Tellabs, to Sell from Neutral, as the firm believes the stock fully discounts the expected sales and margin improvement.
OTHER DOWNGRADES:
Tags: ADTN, Adtran, AGN, Allergan, BKHM, Bookham, CAKE, Cheesecake, Cheesecake Factory, CheesecakeFactory, FAF, First American, First American Corp, FirstAmerican, FirstAmericanCorp, FL, Foot Locker, FootLocker, LOW, Lowe's, Lowe's Cos, Lowe'sCos, Nike, NKE, Olympics, Tellabs, TLAB
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