Analyst downgrades: AN, COT, HOV and TOL
Posted Aug 21st 2007 10:33AM by Kevin Shult
Filed under: Before the bell, Analyst reports, Analyst upgrades and downgrades, Bad news, AutoNation Inc (AN), Toll Brothers (TOL), Stocks to Sell
MOST NOTEWORTHY: Toll Brothers (TOL), COTT Corp (COT), Tim Hortons (THI) and Linktone (LTON) were today's noteworthy downgrades:
- Banc of America downgraded shares of Toll Brothers (NYSE: TOL) to Sell from Neutral, citing expected deterioration in luxury sales due to mortgage distress in the marketplace.
- COTT Corp (NYSE: COT) was cut to Hold from Buy at Stifel, citing the difficult macro environment and continued profit declines.
- Tim Hortons (NYSE: THI) was downgraded to Neutral from Buy at Goldman, citing valuation, and notes that fundamentals remain favorable.
- Montgomery cut Linktone (NASDAQ: LTON) to Hold from Buy, citing the sudden decline in its wireless VAS revenues following Q2 results...
OTHER DOWNGRADES:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: american axle, AmericanAxle, an, analyst, autonation, axl, cot, cott, downgrade, hov, hovnanian, linktone, lton, rating, spf, standard pacific, StandardPacific, thi, tim hortons, TimHortons, tol, toll
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Reader Comments (Page 1 of 1)
11-05-2007 @ 12:56PM
Jim Anders said...
Autonation has been hit with the sub-prime wave and housing slow down, but if one were to value Autonation - even with this bad news in the financial and housing markets - you would have a value in the mid 20's - say 25. This puts Autonation at risk of a private deal at some point - pulling Autonation off the exchange. Autonation is a buy - also note that Lampert's group just purchased more stock increasing their position. If I were guessing - I would not be surprised to see a private offer at some point. Just my thoughts. Jim