Analyst downgrades: AKAM, AVY, CKFR, CL and WMT
Posted Aug 14th 2007 11:28AM by Kevin Shult
Filed under: Before the Bell, Analyst Reports, Analyst Upgrades and Downgrades, Bad News, Wal-Mart (WMT), Avery Dennison Corp (AVY), Colgate-Palmolive (CL), Akamai Technologies (AKAM), Stocks to Sell
MOST NOTEWORTHY: CheckFree (CKFR), Colgate-Palmolive (CL), Wal-Mart (WMT), Thornburg Mortgage (TMA) and Avery Dennison (AVY) were today's noteworthy downgrades:
- Suntrust downgraded CheckFree (NASDAQ: CKFR) to Neutral from Buy based on the Fiserv (FISV) acquisition.
- Wal-Mart (NYSE: WMT) was cut to Neutral from Overweight at JP Morgan.
- Jefferies, RBC Capital, Piper Jaffray, Friedman Billings and Credit Suisse downgraded Thornburg Mortgage (NYSE: TMA) to Underperform based on liquidity concerns.
- Matrix cut Avery Dennison (NYSE: AVY) to Sell from Hold, and said Avery is being affected by the growing price competition in North America and Europe for self-adhesive labels and tabs...
OTHER DOWNGRADES:
- Hambrecht cut Akamai (NASDAQ: AKAM) to Hold from Buy.
- Raymond James downgraded Domtar (NYSE: UFS) to Outperform from Strong Buy.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: akam, akamai, analyst, avery, avy, checkfree, ckfr, cl, colgate, domtar, downgrade, fiserv, fisv, haverty, hvt, palmolive, rating, thornburg, tma, ufs, wal-mart, westwood, wmt, won
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