Analyst downgrades 7-09-07: BIDU, CVC, EAT, NIKE and YHOO
Posted Jul 9th 2007 10:46AM by Kevin Shult
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news, Yahoo! (YHOO), Brinker Intl (EAT), NIKE, Inc'B' (NKE)
MOST NOTEWORTHY: Shire Plc (SHPGY), Cablevision Systems Corp (CVC), Yahoo! (YHOO), Ensco International (ESV) and Clear Channel Outdoor Holdings (CCO) were today's noteworthy downgrades:
- JP Morgan downgraded shares of Shire Plc (NASDAQ: SHPGY) to Neutral from Overweight to reflect risk of Adderall XR patients switching to Vyvanse.
- Deutsche Bank cut Cablevision (NYSE: CVC) to Hold from Buy, saying shares reflect a likely higher bid from the Dolan family.
- ThinkEquity downgraded shares of Yahoo! (NASDAQ: YHOO) to Accumulate from Buy following checks that indicate marginal Panama upside, poor execution in premium display and an incomplete/vulnerable non-premium display strategy.
OTHER DOWNGRADES:
- Hilliard Lyons downgraded Nike Inc (NYSE: NKE) to Neutral from Long-Term Buy.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, ash, ashland, baidu, bidu, brinker, cablevision, cabot, cbt, cco, clear channel outdoors, ClearChannelOutdoors, cvc, downgrade, eat, ensco, esv, lamar, lamr, nike, nke, rating, shire, shpgy, theflyonthewall.com, yahoo, yhoo
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