Analyst downgrades 7-16-07: AMZN, ATVI, RTP, SNDK and YRCW
Posted Jul 16th 2007 10:23AM by Kevin Shult
Filed under: Before the Bell, Analyst Reports, Analyst Upgrades and Downgrades, Amazon.com (AMZN), Aetna Inc (AET), KB HOME (KBH), Activision Inc (ATVI), YRC Worldwide (YRCW), Rio Tinto plc ADS (RIO), SanDisk Corp (SNDK)
MOST NOTEWORTHY: Amazon.com (AMZN), YRC Worldwide (YRCW), SanDisk (SNDK), Activision (ATVI), Royal Dutch Shell (RDS.A) and KB Home (KBH) were today's noteworthy downgrades:
- BWS Financial cut Amazon.com (NASDAQ: AMZN) shares to Sell from Hold on valuation.
- YRC Worldwide (NASDAQ: YRCW) was assumed with an Underweight rating, down from Neutral, as JP Morgan is cautious on the industry's L-T-L pricing.
- UBS downgraded SanDisk (NASDAQ: SNDK) to Neutral from Buy on valuation.
- Gabelli downgraded shares of Activision (NASDAQ: ATVI) to Hold from Buy to reflect their expectation of increasing competition for some of the company's key titles.
- Matrix believes the prolonged weakness in the housing market is eliminating economic profits and cut KB Home (NYSE: KBH) to Strong Sell from Sell...
OTHER DOWNGRADES:
- First Albany downgraded shares of Travelzoo (NASDAQ: TZOO) to Neutral from Buy.
- AG Edwards downgraded Aetna (NYSE: AET) to Hold from Buy.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: activision, aet, aetna, amazon, amzn, analyst, atvi, constellation, downgrade, kb home, kbh, KbHome, rating, rds, rio, royal dutch, RoyalDutch, rtp, sandisk, sjm, smucker, sndk, stz, theflyonthewall.com, travelzoo, tzoo, yrc worldwide, YrcWorldwide
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