Analyst downgrades: UQM, NILE, NPSP, MEE and HIG

MOST NOTEWORTHY: UQM Technologies, Blue Nile, NPS Pharmaceuticals, Massey Energy and Hartford Financial were today's noteworthy downgrades:

Merriman downgraded shares of UQM Technologies Inc (AMEX: UQM) to Neutral from Buy after Phoenix Motorcars delayed its electric vehicle manufacturing ramp, as they view the company's Phoenix Motorcars relationship as the primary driver for near-term growth.
Citigroup downgraded shares of Blue Nile Inc (NASDAQ: NILE) to Sell from Hold on valuation as they believe near-term risks outweigh rewards. They see risk to Q3 revenue estimates and their analysis suggests an in-line quarter at best.
NPS Pharmaceuticals Inc (NASDAQ: NPSP) was downgraded to Neutral from Buy at Oppenheimer and to Hold from Buy at Jefferies. Oppenheimer lowered shares following disappointing Gattex data; Jefferies believes the P3 GATTEX results in short bowel syndrome make the chances of successful low-dose approval unpredictable.
Friedman Billings downgraded Massey Energy Company (NYSE: MEE) to Underperform from Market Perform based on valuation, 2008/2009 outlook, spinoff of Patriot Coal appears to be a better investment option, and another blow to mountaintop mining and permit issues.
JP Morgan removed The Hartford Financial Services Group Inc (NYSE: HIG) from their Focus List; however, they believe the company's fundamental outlook remains positive and expects strong Q3 results.

OTHER DOWNGRADES:

Morgan Stanley downgraded EV3 Inc (NASDAQ: EVVV) to Underweight from Equal Weight.
Business Objects SA (NASDAQ: BOBJ) was downgraded to Hold from Buy at Roth Capital.
Goldman downgraded The Nasdaq Stock Market Inc (NASDAQ: NDAQ) to Neutral from Buy.
Banc of America downgraded The Pepsi Bottling Group Inc (NYSE: PBG) to Neutral from Buy.

Tags: Blue Nile, BlueNile, BOBJ, Business Objects, BusinessObjects, EV3, EVVV, Hartford Financial, HartfordFinancial, HIG, Massey Energy, MasseyEnergy, MEE, Nasdaq, NDAQ, NILE, NPS Pharmaceuticals, NPSP, NpsPharmaceuticals, PBG, Pepsi Bottling, PepsiBottling, UQM, UQM Technologies, UqmTechnologies

10-12-2007 @ 2:21PM

Track back: http://communityinvesting.blogspot.com/2007/10/downgrade-on-nile.html

I actually disagree with the Citigroup analyst, but heck who am I. Check out the TrackBack link to see my thoughts.

--Kevin
http://communityinvesting.blogspot.com

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