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:
- 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 ...
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