Analyst downgrades 7-23-07: BVF, COP, COSI and RIG
Posted Jul 23rd 2007 10:31AM by Kevin Shult
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Bad News, ConocoPhillips (COP)
MOST NOTEWORTHY: ConocoPhillips (COP), Transocean (RIG), LifePoint Hospitals (LPNT), EOG Resources (EOG) and Quicksilver Resources (KWK) were today's noteworthy downgrades:
- Banc of America cut ConocoPhillips (NYSE: COP) to Neutral from Buy on valuation and the lack of upstream catalysts.
- Deutsche Bank cut Transocean (NYSE: RIG) to Hold from Buy based on the GlobalSantaFe (GSF) merger.
- Raymond James downgraded LifePoint Hospitals (NASDAQ: LPNT) to Market Perform from Strong Buy following the company's cut in guidance. Merrill Lynch downgraded LifePoint Hospitals to Neutral from Buy.
- Citigroup downgraded EOG Resources (NYSE: EOG) and Quicksilver Resources (NYSE: KWK) to Sell from Hold as both trade above the sector averages for NAV and cash flow and neither is well protected in the likely event commodity prices deteriorate...
OTHER DOWNGRADES:
- BMO Capital downgraded Biovail (NYSE: BVF) to Market Perform from Outperform.
- Wedbush downgraded Cosi Inc (NASDAQ: COSI) to Hold from Buy.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, biovail, bvf, conoco, cop, cosi, downgrade, eog, kwk, lifepoint, lpnt, quicksilver, rating, rig, spectrum, sppi, theflyonthewall.com, transocean, ventana, vmsi
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Reader Comments (Page 1 of 1)
7-24-2007 @ 6:17PM
Dan said...
AEO should be at 35, why won't it move up?
Hugh profits just reported and upgraded to BUY @ S&P.
Getint he game and buy this stock today!