Analyst downgrades: AN, CFC, DRI and RARE

Posted Aug 17th 2007 10:31AM by Kevin Shult
Filed under: Before the Bell, Analyst Reports, Analyst Upgrades and Downgrades, Bad News, AutoNation Inc (AN), Countrywide Financial (CFC), Darden Restaurants (DRI), Stocks to Sell, Housing

MOST NOTEWORTHY: AutoNation (AN), Darden Restaurants (DRI), Rare Hospitality (RARE) and ChoicePoint (CPS) were today's noteworthy downgrades:

Goldman cut AutoNation (NYSE: AN) to Sell from Neutral based on potential for additional earnings shortfalls. The firm does not expect a sharp rebound in shares.

Bear Stearns downgraded Darden Restaurants (NYSE: DRI) to Peer Perform from Outperform following its acquisition of Rare Hospitality.

Rare Hospitality (NASDAQ: RARE) was cut to Hold from Buy at Keybanc following the acquisition offer from Darden.

ChoicePoint (NYSE: CPS) was cut to Reduce from Neutral at Suntrust, citing the difficult macro environment, which will impact revenue growth in its low-barrier commoditized non-insurance operations...

OTHER DOWNGRADES:

Alliance Holdings (NASDAQ: AHGP) was cut to Hold from Buy at AG Edwards.

UBS downgraded SL Green Realty (NYSE: SLG) and Boston Properties (NYSE: BXP) to Neutral from Buy.

Morgan Stanley downgraded Countrywide Financial (NYSE: CFC) to Equal Weight from Overweight.

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

Tags: ahgp, alliance, an, autonation, boston properties, BostonProperties, bxp, choicepoint, cps, darden, dri, green reality, GreenReality, rare, rare hospitality, RareHospitality, slg

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Reader Comments (Page 1 of 1)

8-18-2007 @ 7:25PM

Jerry said...

Since August 17th, CFC stock is up $2.48 once Feds made the announcement that is will cut rates by .50 does that mean Countrywide's problems are over?