Analyst downgrade: DRL, EL, ETFC and FDO
Posted Aug 22nd 2007 10:40AM by Kevin Shult
Filed under: Before the bell, Analyst reports, Analyst upgrades and downgrades, Bad news, Estee Lauder (EL), Family Dollar Stores (FDO), Stocks to Sell
MOST NOTEWORTHY: American Capital (ACAS), Doral Financial (DRL), E-Trade Financial (ETFC) and Family Dollar (FDO) were today's noteworthy downgrade:
- Jefferies downgraded shares of American Capital (NASDAQ: ACAS) to Hold from Buy citing the slowing M&A market and risk characteristics of the company.
- Soleil downgraded Doral Financial (NYSE: DRL) to Sell from Hold, on the belief that the recent reverse stock split will increase short-selling activity and discourage speculative buying.
- E-Trade Financial (NASDAQ: ETFC) was cut to Neutral from Buy at UBS, citing deteriorating trends in the credit/mortgage markets, lack of near-term catalysts; the firm does not see an M&A deal occurring near-term.
- Goldman downgraded Family Dollar (NYSE: FDO) to Neutral from Buy, citing weakness in the low-end consumer and increased pressure from Wal-Mart (WMT)...
OTHER DOWNGRADES:
- Wachovia downgraded Tween Brands (NYSE: TWB) to Market Perform from Outperform.
- Estee Lauder (NYSE: EL) was downgraded to Neutral from Outperform at Credit Suisse.
- Deutsche Bank cut Pearson (NYSE: PSO) to Hold from Buy.
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Tags: acas, american capital, AmericanCapital, analyst, doral, downgrade, drl, e trade, el, estee, etfc, ETrade, family dollar, FamilyDollar, fdo, pearson, pso, rating, talisman, tlm, twb, tween
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