Analyst downgrades 6-18-07: CVH, EFD, HAL and X
Posted Jun 18th 2007 11:01AM by Kevin Shult
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news, Halliburton (HAL), U.S. Steel (X)
MOST NOTEWORTHY: The more noteworthy downgrades today included eFunds Corp (EFD), Halliburton Co (HAL), Coventry Health Care, Inc (CVH), Fording Canadian Coal Trust (FDG) and US Steel Corp (X):
- Citigroup downgraded shares of eFunds Corp (NYSE: EFD) to Sell from Hold to reflect an unfavorable risk/reward as they see little upside if the company sells itself and significant downside due to recent operational issues if the company is not sold.
- Bear Stearns cut Coventry Health (NYSE: CVH) to Peer Perform from Outperform based on valuation.
- UBS cut US Steel Group (NYSE: X) to Reduce from Neutral based on valuation.
OTHER DOWNGRADES:
- Matrix cut CBRL Group (NASDAQ: CBRL) to Sell from Hold.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: aci, alpha natural, AlphaNatural, analyst, anr, arch coal, ArchCoal, atheros, athr, cbrl, cfg, coventry, cvh, downgrade, efd, efunds, fcl, fording, foudnation coal, FoudnationCoal, hal, halliburton, rating, theflyonthewall.com, us steel, UsSteel, x
Nuclear power is on the comeback trail
Apple backs AT&T in continuing spat with Verizon
Closing Bell: The recession is still over, still... do you feel it?
