Analyst downgrades 9-5-07: CS, DB, COP, FNSR and CPHD


MOST NOTEWORTHY: Credit Suisse, Deutsche Bank, ConocoPhillips, Finisar and Cepheid were today's noteworthy downgrades:
  • Lehman Brothers downgraded shares of Credit Suisse Group (NYSE: CS) to Equal Weight from Overweight and shares of Deutsche Bank AG (NYSE: DB) to Underweight from Overweight to reflect potential write downs from their U.S. subprime mortgage exposure.
  • ConocoPhillips (NYSE: COP) was downgraded to Market Perform from Outperform at Bernstein on valuation.
  • Needham lowered shares of Finisar Corporation (NASDAQ: FNSR) to Buy from Strong Buy, as they expect pressure in FY08 as margins recover and opex remains elevated due to patent litigation.
  • Cepheid Inc (NASDAQ: CPHD) was downgraded at UBS to Neutral from Buy on valuation.
OTHER DOWNGRADES:
Symbol Lookup
IndexesChangePrice
DJIA+15.2912,899.24
NASDAQ+8.122,923.98
S&P 500+1.121,351.08

Last updated: February 09, 2012: 12:59 PM

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