Analyst downgrades 7-11-07: ATVI, CME, HLT and TSM
Posted Jul 11th 2007 10:57AM by Kevin Shult
Filed under: Before the bell, Analyst reports, Analyst upgrades and downgrades, Bad news, Chicago Merc Exch Hld'A' (CME), Activision Inc (ATVI), Hilton Hotels (HLT)
MOST NOTEWORTHY: Today's noteworthy downgrades involved Hilton Hotels Corp (HLT), TransAlta Corp (TAC), Cascade Corp (CAE), Activison (ATVI) and Atheros Communications (ATHR):
- Stifel downgraded Hilton Hotels (NYSE: HLT) to Hold from Buy at Stifel based on the recent acquisition.
- TD Newcrest cut TransAlta (NYSE: TAC) to Sell from Hold and doesn't consider an LBO of the company likely.
- Rodman cut Cascade (NYSE: CAE) to Market Underperform from Market Perform based on valuation.
- Activision (NASDAQ: ATVI) was downgraded to Neutral from Outperform at JP Morgan based on valuation and the competitive environment.
OTHER DOWNGRADES:
- Needham downgraded Kyphon (NASDAQ: KYPH) to Buy from Strong Buy.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: activision, analyst, atheros, athr, atvi, cae, cascade, chicaco, cme, downgrade, hilton, hlt, kyph, kyphon, rating, rhhby, roche, tac, taiwan, theflyonthewall.com, transalta, tsm
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