Analyst downgrades: EDO, GM, CAM, GYI and MEND
Posted Sep 18th 2007 11:10AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, General Motors (GM)
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MOST NOTEWORTHY: EDO Corp, General Motors, Cameron, Getty Images and Micrus Endovascular were today's noteworthy downgrades:
- EDO Corporation (NYSE: EDO) was downgraded to Neutral from Outperform at Credit Suisse following the acquisition by ITT Corporation (NYSE: ITT). Shares were also downgraded to Market Weight from Overweight at Thomas Weisel and to Hold from Buy at B&T Capital.
- Goldman downgraded shares of General Motors Corporation (NYSE: GM) to Neutral from Buy to reflect risk to the company's international and the slowing U.S. economy. Further, Goldman believes expectations for a deal over healthcare costs with unions are now priced into the stock.
- Wachovia downgraded Cameron International (NYSE: CAM) to Market Perform from Outperform on valuation.
- Kaufman Bros. downgraded shares of Getty Images Inc (NYSE: GYI) to Sell from Hold to reflect reduced expectations following the company's announced price reductions.
- CIBC downgraded shares of Micrus Endovascular Corporation (NASDAQ: MEND) to Sector Performer from Outperformer following the company's lowered guidance..
OTHER DOWNGRADES:
Tags: analyst, cam, cameron, champion, chb, downgrade, e-trade, edo, etfc, firm, general motors, GeneralMotors, getty, gm, gyi, hcp, itt, kellwood, kwd, medical properties, MedicalProperties, mend, micrus, mpw, palm harbor, PalmHarbor, phhm
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Reader Comments (Page 1 of 1)
9-18-2007 @ 11:26AM
Van said...
Buy GM, it will double by the end of the year from present. Goldman & Sachs has been buying this company for 6 to 8 months and their portfolio is increasing because of this...check it out.....After the contract this week, GM will attack Toyota and Honda and sales will greatly increase withing 1-1/2 years because of this "new" flexibility in growth and production...........Buy GM for profit........