Analyst downgrades 7-20-07: HSY, KR, SWY and X
Posted Jul 20th 2007 11:14AM by Kevin Shult
Filed under: Analyst reports, Analyst upgrades and downgrades, Bad news, Kroger Co (KR), Hershey Co (HSY), Safeway Inc (SWY), U.S. Steel (X)
MOST NOTEWORTHY: Sunpower (SPWR), U.S. Steel Group (X), Sysco Corp (SYY), Safeway (SWY), Performance Food Group (PFGC) and Kroger (KR) were today's noteworthy downgrades:
- Sunpower Corp (NASDAQ: SPWR) was downgraded to Buy from Strong Buy at Needham and to Neutral from Buy at Merrill Lynch, both based on valuation.
- U.S. Steel Group (NYSE: X) was downgraded to Neutral from Outperform at Credit Suisse on valuation.
OTHER DOWNGRADES:
- Merrill Lynch downgraded shares of Huntington Bancshares (NASDAQ: HBAN) to Sell from Neutral following the company's Q2 report.
- Hershey (NYSE: HSY) was downgraded to Peer Perform from Outperform at Bear Stearns.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, canadian national, CanadianNational, cni, downgrade, hban, hershey, huntington, kr, kroger, park, performance food, PerformanceFood, pfgc, pke, rating, safeway, spwr, steel, sunpower, swy, sysco, syy, theflyonthewall.com, williams scotsman, WilliamsScotsman, wlsc, x
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