Analyst downgrades 8-27-07: DLIA, HTV and SWY

MOST NOTEWORTHY: dELiA's Inc. (DLIA), Hearst-Argyle TV (HTV) and Safeway (SWY) were today's noteworthy downgrades:

Friedman Billings downgraded dELiA's Inc (NASDAQ: DLIA) to Market Perform from Outperform citing the difficult near-term environment.

Deutsche Bank would use Hearst-Argyle TV's (NYSE: HTV) tender offer for the remaining shares of HTV at $23.50 as an opportunity to sell shares and cut the stock to Hold from Buy.

Merrill cut Safeway (NYSE: SWY) shares to Sell from Neutral citing the slowing California economy and the potential threat from Wal-Mart (NYSE: WMT) entering the California market with its new Tesco (OTC: TSCDY) format...

OTHER DOWNGRADES:

Vimicro (NASDAQ: VIMC) was cut to Underweight from Equal Weight at Morgan Stanley.

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

Tags: analyst, delia, dlia, downgrade, green bankshares, GreenBankshares, grnb, hearst, htv, hynix, rating, safeway, samsung, tesco, tscdy, vimc, vimicro, wal-mart, wmt

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