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Analyst downgrades 7-02-07: NFS, PWAV, SNDK, TGT and UNCA

Posted Jul 2nd 2007 10:36AM by Kevin ShultKevin Shult RSS Feed
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news, Target Corp. (TGT), SanDisk Corp (SNDK)

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MOST NOTEWORTHY: SanDisk Corp (SNDK), Nationwide Financial Services (NFS), Unica Corp (UNCA), International Paper Co (IP) and the Apartment REIT sector topped the day's noteworthy downgrades:
  • CIBC cut SanDisk Corp (NASDAQ: SNDK) to Sector Performer from Outperformer on valuation.
  • Ferris Baker cut Unica Corp (NASDAQ: UNCA) to Sell from Hold following the company's announcement that it has dismissed auditors Ernst & Young. Montgomery downgraded Unica to Hold from Buy on valuation.
  • International Paper (NYSE: IP) was downgraded to Neutral from Outperform at Credit Suisse on valuation.
OTHER DOWNGRADES:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Tags: analyst, bre, bre properties, BreProperties, camden, cpt, downgrrade, international paper, InternationalPaper, ip, mco, meruelo, mmpi, moody, nationwide, nfs, powerwave, pwav, rating, sandisk, sndk, target, tgt, theflyonthewall.com, unca, unica

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Last updated: November 25, 2009: 03:56 AM

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