Analyst downgrades 8-28-07: BBBY, BSC, C and LEH
Posted Aug 28th 2007 10:13AM by Kevin Shult
Filed under: Before the bell, Analyst reports, Analyst upgrades and downgrades, Bad news, Citigroup Inc. (C), Bed Bath and Beyond (BBBY), Lehman Br Holdings (LEH), Bear Stearns Cos (BSC), Stocks to Sell
MOST NOTEWORTHY: Bear Stearns (BSC), Citigroup (C), Lehman (LEH), Chicago Bridge & Iron (CBI) and Bed Bath & Beyond (BBBY) were today's noteworthy downgrades:
- Merrill downgraded Bear Stearns (NYSE: BSC), Citigroup (NYSE: C) and Lehman Brothers (NYSE: LEH) to Neutral from Buy to reflect greater earnings risk stemming from the slowdown in securitization and mortgage. Merrill also finds it "inevitable" that revenue from underwriting and advising on takeovers will slow.
- Stanford downgraded shares of Chicago Bridge & Iron (NYSE: CBI) to Sell from Hold as they believe the premium valuation is unjustified given the Lummus acquisition.
- Merrill Lynch cut Bed Bath & Beyond (NASDAQ: BBBY) to Sell from Neutral based on slowing secular growth...
OTHER DOWNGRADES:
- Goldman downgraded Zale (NYSE: ZLC) to Sell from Neutral.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, bbby, bear stearns, BearStearns, bed bath, BedBath, bsc, cbi, chicago bridge, ChicagoBridge, citigroup, downgrade, leh, lehman, maxim, mxim, oceaneering, oii, privatebacorp, pvtb, rating, zale, zlc
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Reader Comments (Page 1 of 1)
8-28-2007 @ 10:48AM
DR said...
CAN SOMEONE EXPLAIN WHY BIOCUREX ( BOCX ) HAS NOT GONE THROUGH THE ROOF BASED ON ITS POTENTIAL IN THE MARKETPLACE