Analyst downgrades: NTRI, ENDP, CXP, AVR and BIOF

Posted Oct 4th 2007 11:00AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Hansen Natural (HANS)

MOST NOTEWORTHY: NutriSystem, Endo Pharmaceuticals, Corporate Express NV, Aventine Renewable Energy Holdings and BioFuel Energy were today's noteworthy downgrades:

NutriSystem (NASDAQ: NTRI) was downgraded to Hold from Buy at Lazard and to Buy from Strong Buy at Broadpoint following its lowered Q3 guidance.
Jefferies downgraded shares of Endo Pharmaceuticals (NASDAQ: ENDP) to Hold from Buy after Impax Laboratories (NASDAQ: IPXL) filed a Paragraph IV challenge against Opana ER yesterday to reflect the potential for a generic version of Opana ER arriving as early as 2010 and the possibility of a similar threat against Lidoderm.
Corporate Express (NYSE: CXP) was downgraded to Hold from Buy at ING, as they believe the new CEO's long-term targets are overly ambitious.
JP Morgan downgraded Aventine Renewable (NYSE: AVR) and BioFuel Energy (NASDAQ: BIOF) to Neutral from Overweight, citing weaker fundamentals in ethanol pricing.

OTHER DOWNGRADES:

JP Morgan downgraded Charlotte Russe (NASDAQ: CHIC) and The Wet Seal (NASDAQ: WTSLA) to Neutral from Overweight.
Goldman downgraded Monolithic Power Systems (NASDAQ: MPWR) and Hansen Natural (NASDAQ: HANS) to Neutral from Buy; Goldman removed National Semiconductor (NYSE: NSM) from its Conviction Buy List.

Tags: analyst, aventine, avr, biof, biofuel, charlotte russe, CharlotteRusse, chic, corporate express, CorporateExpress, cxp, downgrade, endo, endp, hans, hansen, impax, ipxl, monolithic power, MonolithicPower, mpwr, national semi, NationalSemi, nsm, ntri, nutrisystem, wet seal, WetSeal, wtsla

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Reader Comments (Page 1 of 1)

10-04-2007 @ 11:50AM

Van said...

GM to upgraded to buy and the stocks will double by the end of the year from the present $35.00 to around $60.00........Toyota/Honda will fall slightly by December.....Goldman & Sachs has purchased GM stocks quietly for over 8 months and their own stocks will equate in higher yields withing 3 months themselves........