Analyst downgrades 7-31-07: GT, PTR, RSH and UL
Posted Jul 31st 2007 10:51AM by Kevin Shult
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, RadioShack Corp (RSH), PetroChina Co Ltd ADR (PTR), Unilever ADR (UL), Goodyear Tire and Rubber (GT), Stocks to Sell
MOST NOTEWORTHY: RadioShack (RSH), Weyerhauser (WY), Goodyear Tire (GT), Hot Topic (HOTT) and Unilever (UL, UN) were today's noteworthy downgrades:
- Citigroup downgraded RadioShack (NYSE: RSH) to Sell from Hold on valuation as they believe shares have priced in a more aggressive top-line recovery than the company can deliver over the next 12 months and that margin improvement is likely to slow.
- Merrill downgraded Weyerhauser (NYSE: WY) to Neutral from Buy based on the tighter credit environment and the impact on a potential containerboard divestiture or merger.
- Matrix downgraded shares of Goodyear Tire (NYSE: GT) to Sell from Hold to reflect rising oil prices and negative fundamental trends.
- AG Edwards downgraded Hot Topic (NASDAQ: HOTT) to Sell from Hold to reflect negative performance momentum and a lack of back-to-school prospects.
- Credit Suisse downgraded Unilever (NYSE: UN, UL) to Underperform from Neutral as their analysis suggests the company continues to lose market share...
OTHER DOWNGRADES:
- Bear Stearns downgraded Kyphon (NASDAQ: KYPH) to Peer Perform from Outperform.
- Jarden (NYSE: JAH) was cut to Neutral from Buy at Goldman.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: alacatel, alu, analyst, downgrade, fele, franklin, goodyear, gt, harden, hot topic, hott, HotTopic, jah, kyphon, lucent, petrochina, ptr, radioshack, rating, rsh, ul, un, unilever, weyerhauser, wy
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Reader Comments (Page 1 of 1)
8-02-2007 @ 8:36PM
Sheldon L said...
What about PTR?