Analyst downgrades: NDAQ, FDO, CC, WFC and KEY
Posted Sep 21st 2007 10:45AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Circuit City Stores (CC), Family Dollar Stores (FDO), Wells Fargo (WFC)
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MOST NOTEWORTHY: Nasdaq Stock Market, Family Dollar, Circuit City, Wells Fargo and Key Corp were today's noteworthy downgrades:
- Credit Suisse downgraded Nasdaq Stock Market Inc (NASDAQ: NDAQ) to Market Perform from Outperform on valuation.
- JP Morgan expects Family Dollar Stores Inc (NYSE: FDO) to face macro pressures and increased competition from Wal-Mart Stores Inc (NYSE: WMT) and Dollar General.
- Bear downgraded shares of Circuit City Stores Inc (NYSE: CC) to Peer Perform from Outperform based on lack of visibility, execution issues, softer consumer environment, potential pricing disruptions, and product cycle concerns.
- Merrill downgraded shares of Wells Fargo and Company (NYSE: WFC) to Neutral from Buy to reflect higher credit losses and valuation and KeyCorp (NYSE: KEY) to Sell from Neutral to reflect the company's "weak" revenue growth.
OTHER DOWNGRADES:
Tags: analyst, cc, circuit city, CircuitCity, diamond offshore, DiamondOffshore, do, downgrade, expressjet, family dollar, FamilyDollar, fdo, firm, iris, key, keycorp, nasdaq, ndaq, rig, transocean, wal-mart, weatherford, wells fargo, WellsFargo, wfc, wft, wmt, xjt
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Reader Comments (Page 1 of 1)
9-22-2007 @ 5:00PM
getyournewsfromtherealsource said...
really like how bloggingstocks doesn't say where they get there information and how the bloggers sometimes bring up old news....I'm tired of old bread.
I prefer to get my financial information from a credited source.