Analyst downgrades 6-11-07: AAI, UAUA and the REIT sector

MOST NOTEWORTHY: Airtran Holdings Inc (NYSE: AAI), UAL Corporation (NASDAQ: UAUA) and the REIT sector were today's noteworthy downgrades:

Calyon downgraded shares of Airtran Holdings to Neutral from Add, citing concerns with AAI's yield trends.
The firm also downgraded shares of UAL Corp to Add from Buy based on higher fuel prices and slightly weaker-than-expected RASM increases.
Stifel downgraded the REIT Sector citing rising interest rates and mutual fund outflows, among other reasons. Companies that include Cedar Shopping Centers Inc (NYSE: CDR), Kimco Realty Corporation (NYSE: KIM), Kite Realty Group Trust (NYSE: KRG), Ramco-Gershenson Properties Trust (NYSE: RPT), Simon Property Group Inc (NYSE: SPG) and Tanger Factory Outlet Centers Inc (NYSE: SKT) were downgraded to Hold from Buy.

OTHER DOWNGRADES:

Morgan Joseph downgraded shares of Penn National Gaming Inc (NASDAQ: PENN) to Hold from Buy on valuation.
CBOT Holdings Inc (NYSE: BOT) was downgraded to Neutral from Outperform at Credit Suisse.
JP Morgan downgraded shares of Netflix Inc (NASDAQ: NFLX) to Underweight from Neutral, as the firm believes the company's growth will be impacted by Blockbuster Inc's (NYSE: BBI) Total Access offer.

#	Blogger	Posts	Cmts
1	Joseph Lazzaro	118	0
2	Tom Johansmeyer	105	3
3	Connie Madon	54	0
4	Tom Taulli	44	0
5	Steven Mallas	44	0
6	Mark Fightmaster	41	0
7	Trey Thoelcke	34	0
8	Steven Halpern	30	0
9	Melly Alazraki	26	0
10	Paul Foster	25	0
11	Zac Bissonnette	25	0
12	Brian White	22	0
13	Brent Archer	22	0
14	Jim Cramer	22	0
15	Jon Ogg	22	0
16	Elizabeth Harrow	18	0
17	Eric Buscemi	17	0
18	Sheldon Liber	13	0
19	Michael Fowlkes	9	0
20	Beth Gaston Moon	8	0

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

Other Weblogs Inc. Network blogs you might be interested in:

Skype soap opera ends as founders set to regain stake ahead of $2B sale Big LBOs are teetering, but Wall Street still planning record bonuses	Hewlett-Packard reports growth in profit and operating margin in Q4 Chasing Value: Ten stocks for 2010 -- Part 5 Microsoft and News Corp talk about pushing Google aside
Software Update: iPhoto 8.1.1 released Gobble up this deal on 1Password Pro touch MusicNAO offers unique dock for iPhone and iPod touch	Livescribe's Pulse smartpen store hands-on Behance introduces Action Method productivity app for iPhone Locationbar² adds breadcrumbs, domain emphasis to your Firefox address bar
Will Carl Icahn Rescue The Fontainebleau? New Zealand Yachts In Receivership Is There a $100,000 Book on Your Shelf?	Teracent: Display ad biz joins the Google family Google's plan for netbook PCs moves higher into the clouds Microsoft and News Corp talk about pushing Google aside