Analyst downgrades 6-28-07: BBBY, DISK, DRIV and JNJ
Posted Jun 28th 2007 11:22AM by Kevin Shult
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news, Johnson and Johnson (JNJ), Bed Bath and Beyond (BBBY)
MOST NOTEWORTHY: Chittenden Corp (CHZ), Digital River (DRIV), Image Entertainment (DISK) and Foot Locker (FL) were today's noteworthy downgrades:
- Chittenden Corp (NYSE: CHZ) was downgraded to Sell from Hold at AG Edwards based on the buyout news from People's United Financial (PBCT).
- Digital River (NASDAQ: DRIV) was downgraded to Hold from Buy, and its target was cut to $44, at Jeffries based on the weak Microsoft (MSFT) ramp and weakness in the Symantec (SYMC) transition.
- SMH Capital downgraded shares of Image Entertainment (NASDAQ: DISK) to Sell from Neutral and recommends investors take profits on the upside and sell shares.
- Foot Locker (NYSE: FL) was downgraded to Hold from Buy at Matrix, as the firm believes fundamentals trends are turning negative; the firm sees limited upside from current levels.
OTHER DOWNGRADES:
- Web.com (NASDAQ: WWWW) was downgraded to Hold from Buy at Roth Capital Partners.
- Andrew Corp (NASDAQ: ANDW) was downgraded to Neutral from Buy at Oppenheimer.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, andrew, andw, bbby, bed bath, BedBath, chittenden, chz, digital, disj, downgrade, driv, fl, foot locker, FootLocker, image, jnj, johnson, microsoft, msft, pbct, people united financial, PeopleUnitedFinancial, rating, republic airways, RepublicAirways, rjet, skyw, skywest, symantec, symc, theflyonthewall.com, web.com, wkyw, wwww
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