Analyst downgrades 6-22-07: ANF, BGFV, COGN, TLB and SBUX
Posted Jun 22nd 2007 11:15AM by Kevin Shult
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news, Starbucks (SBUX), Abercrombie and Fitch (ANF)
MOST NOTEWORTHY: Select theater stocks, Equity Inns (ENN), Talbots (TLB) and Starbucks (SBUX) filled today's noteworthy downgrade segment:
- Banc of America said summer blockbusters have fallen off faster than they expected and there are fewer mid-tier films to support growth:
- Equity Inns (NYSE: ENN) was cut to Sell from Hold at AG Edwards after the Whitehall acquisition. JMP Securities and Friedman Billings cut shares to Market Perform from Outperform and KeyBanc downgraded Equity Inns to Hold from Buy.
- Matrix USA downgraded Talbots (NYSE: TLB) to Sell from Hold based on the eroding return of capital because of the company using capital to acquire and open new stores. Friedman Billings downgraded shares of
- Starbucks (NASDAQ: SBUX) to Market Perform from Outperform and removed the company from their FBR Top Picks list on expectations that 2H07 same-store sales will no longer improve, removing a catalyst...
OTHER DOWNGRADES:
- Banc of America downgraded Cognos (NASDAQ: COGN) to Neutral from Buy.
- Roth downgraded Fuel Tech Inc (NASDAQ: FTEK) to Hold from Buy.
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