Analyst downgrades: APPB, NT, NTAP and SAM

Posted Aug 3rd 2007 10:54AM by Kevin Shult
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Bad News, Nortel Networks (NT), Stocks to Sell

MOST NOTEWORTHY: CheckFree (CKFR), Talbots (TLB), SPSS Inc (SPSS), Network Appliance (NTAP) and Pozen Inc (POZN) were today's noteworthy downgrades:

Following FiServ's (NASDAQ: FISV) acquisition of CheckFree, Raymond James cut CKFR shares to Market Perform from Strong Buy and Baird downgraded shares to Neutral from Outperform.

Talbots (NYSE: TLB) was cut to Sell from Hold at Citigroup based on valuation, continued earnings disappointments, and a lack of earnings visibility.

Cowen downgraded shares of SPSS Inc (NASDAQ: SPSS) to Underperform from Neutral citing decelerating growth and poor earnings quality.

Bear Stearns cut Network Appliance (NASDAQ: NTAP) to Underperform from Peer Perform on the negative Q1 pre-announcement. Pacific Crest downgraded shares to Sector Perform from Outperform.

After Pozen (NASDAQ: POZN) received a second approvable letter for Trexima, shares were downgraded by three firms:

To Neutral from Strong Buy at First Albany
To Hold from Buy at Jefferies and Lazard...

OTHER DOWNGRADES:

Oppenheimer downgraded Applebee's (NASDAQ: APPB) to Neutral from Buy.

Gabelli downgraded Boston Beer (NYSE: SAM) to Hold from Buy.

Lehman downgraded Luxottica (NYSE: LUX) and Clorox (NYSE: CLX) to Equal Weight from Overweight.

Thomas Weisel downgraded Nortel Networks (NYSE: NT) to Market Weight from Overweight.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Tags: analyst, appb, applebee, boston beer, BostonBeer, checkpoint, chkp, clorox, downgrade, fiserv, fisv, lux, luxottica, network appliance, NetworkAppliance, nortel, nt, pozen, pozn, rating, sam, spss, stap, talbot, tlb

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Reader Comments (Page 1 of 1)

8-03-2007 @ 11:26AM

Jeff said...

Am I blind or are you just throwing in AAPL whenever, just for readership? Nothing on AAPL is listed here.

8-03-2007 @ 11:28AM

Jeff said...

oh ok, you edited it. Now everyone thinks I'm blind. I have one of those computer keyboards like in the movie Sneakers.

8-03-2007 @ 11:33AM

kevin said...

Thank you for pointing this out to me jbloker. I have fixed the listing.

8-03-2007 @ 12:21PM

Scott said...

The title of the article it wrong on google search. AAPL wasn't downgraded, it was AAPB

Analyst downgrades 8-03-07: AAPL, NT, NTAP and SAM
Blogging Stocks - 1 hour ago
Following FiServ's (NASDAQ: FISV) acquisition of CheckFree, Raymond James cut CKFR shares to Market Perform from Strong Buy and Baird downgraded shares to ...
FISV - NTAP