Analyst downgrades: JLL, DRIV, BOOM, ALLT and OXM
Posted Oct 10th 2007 11:00AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Target Corp. (TGT), Contl Airlines'B' (CAL)
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MOST NOTEWORTHY: Jones Lang LaSalle, Digital River, Dynamic Materials, Allot Communications and Oxford Industries were today's noteworthy downgrades:
- Wachovia downgraded shares of Jones Lang LaSalle (NYSE: JLL) to Market Perform from Outperform, as they expect the deterioration in the credit markets to lead to fewer closed deals over the next year.
- Oppenheimer transitioned coverage of Digital River (NASDAQ: DRIV) and downgraded shares to Neutral from Buy. The broker finds shares fairly valued given the pricing pressure and customer concentration.
- Jefferies downgraded shares of Dynamic Materials Corporation (NASDAQ: BOOM) to Hold from Buy on valuation as they believe shares are already pricing in the company's near-term earnings potential.
- Allot Communications (NASDAQ: ALLT) was downgraded to Sector Performer from Outperformer at CIBC World Markets after the company pre-announced weaker-than-expected Q3 results.
- Oxford Industries (NYSE: OXM) was downgraded to Hold from Buy at Morgan Joseph and to Neutral from Buy at SunTrust following the disappointing Q1 report and guidance.
OTHER DOWNGRADES:
Tags: allot communications, AllotCommunications, allt, analyst, boom, cal, continental airlines, ContinentalAirlines, digital river, DigitalRiver, downgrade, driv, dynamic materials, DynamicMaterials, jll, jones lang, JonesLang, nrg, oxford indutries, OxfordIndutries, oxm, target, tgt, thornburg mortgage, ThornburgMortgage, tma
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