Analyst downgrades 7-25-07: CFC, GSK, NTRI and WTW
Posted Jul 25th 2007 11:57AM by Kevin Shult
Filed under: Analyst reports, Analyst upgrades and downgrades, Bad news, Countrywide Financial (CFC), Stocks to Sell
MOST NOTEWORTHY: Countrywide Financial (CFC), Hoku Scientific (HOKU), Lam Research (LRCX), Weight Watchers (WTW) and NutriSystem (NTRI) were today's more noteworthy downgrades:
- Friedman Billings downgraded Countrywide Financial (NYSE: CFC) to Underperform from Market Perform until credit stabilizes.
- Piper Jaffray downgraded Hoku Scientific (NASDAQ: HOKU) to Underperform from Outperform and sees several near-term risks, including competitive threats from larger and well-financed polysilicon start ups as well as financing risk.
- ThinkEquity downgraded Lam Research (NASDAQ: LRCX) to Source of Funds from Accumulate, expecting a recovery in the foundry segment but at 90nm, the nodes where Lam's market share is not high.
OTHER DOWNGRADES:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: btu, cfc, countrywide, ggc, glaxo, gsk, hoku, lam, lrcx, ntri, nutrisystem, peabody, sketchers, skx, weight, wtw
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