Analyst downgrades: KO, PEP, BOBJ, COGN and COO
Posted Oct 9th 2007 10:45AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Coca-Cola (KO), PepsiCo (PEP), JetBlue Airways (JBLU)
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MOST NOTEWORTHY: Coca-Cola, PepsiCo, Business Objects, Cognos and Cooper Companies were today's noteworthy downgrades:
- Deutsche Bank downgraded Coca-Cola Company (NYSE: KO) and PepsiCo (NYSE: PEP) to Hold from Buy on valuation, as they believe shares reflect prospects for growth.
- Business Objects (NASDAQ: BOBJ) was downgraded to Neutral from Buy at UBS following the acquisition by SAP AG (NYSE: SAP) and to Hold from Buy at Jefferies, as the firm finds the acquisition price fair and does not expect a counter-bid. Soleil believes the SAP offer is reflected in the stock price, and downgraded Business Objects to Hold from Buy.
- Roth Capital downgraded shares of Cognos (NASDAQ: COGN) to Hold from Buy based on recent share appreciation as shares capture a vast majority of a potential takeover bid; Goldman downgraded shares to Neutral from Buy and Jefferies downgraded shares to Hold from Buy on valuation.
- JP Morgan lowered shares of Cooper Companies (NYSE: COO) to Underweight from Neutral. The firm believes Street estimates are too high given a negative mix shift in the company's contact lens business, which could lead to a FY08 EPS shortfall.
OTHER DOWNGRADES:
Tags: analyst, bobj, business objects, BusinessObjects, coca-cola, cogn, cognos, coo, cooper, downgrade, elizabeth arden, ElizabethArden, hcn, health care reit, HealthCareReit, jblu, jetblue, ko, ohi, omega healthcare, OmegaHealthcare, pep, pepsi, rden, sap, ventas, vtr
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Reader Comments (Page 1 of 1)
10-09-2007 @ 11:01AM
Van said...
Don't be surprised to GM to be upgraded to buy in a very short order.....Stocks to hit $55 or $58 by the end of the year.......Verify Goldman & Sachs stocks themselves....they have been buying GM on the sidelines for this to materialize....