Analyst downgrades 7-19-07: CAH, JCI, SUN, TSM and VLO
Posted Jul 19th 2007 11:07AM by Kevin Shult
Filed under: Before the bell, Analyst reports, Analyst upgrades and downgrades, Bad news, Valero Energy (VLO), Johnson Controls (JCI), Cardinal Health (CAH)
MOST NOTEWORTHY: Statoil (STO), BG Group (BRG), Repsol (REP), Flow International (FLOW) and the refining sector were today's more noteworthy downgrades:
- Matrix USA downgraded Flow International (NASDAQ: FLOW) to Strong Sell from Hold, citing weak demand from Asian customers that led to slowing sales growth.
- Bernstein downgraded the refining sector to Underperform and refiners Sunoco (NYSE: SUN) and Valero Energy (NYSE: VLO) to Underperform from Market Perform...
OTHER DOWNGRADES:
- Canadian Pacific (NYSE: CP) was cut to Neutral from Outperform at Credit Suisse; RBC Capital downgraded CP shares to Sector Perform from Outperform.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, bg group, BgGroup, brg, cah, canadian pacific, CanadianPacific, cardinal healt, CardinalHealt, cp, downgrade, flow, jci, johnson controls, JohnsonControls, rating, rep, repsol, statoil, sto, sun, sunoco, taiwan semi, TaiwanSemi, theflyonthewall.com, tsm, valero, vlo
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