Analyst downgrades: ING, INWK, KNXA, AAI and AMR
Posted Nov 8th 2007 10:45AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Goldman Sachs Group (GS), AMR Corp (AMR)
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MOST NOTEWORTHY: ING Group, Innerworkings, Kenexa, AirTran Holdings and AMR Corp were today's noteworthy downgrades:
- Bear Stearns downgraded shares of ING Group (NYSE: ING) to Peer Perform from Underperform after the company's Q3 results, given continued concerns regarding the US mortgage market.
- Jefferies lowered its rating on Innerworkings (NASDAQ: INWK) to Hold from Buy on valuation, as they see limited upside after the in-line Q3 results.
- Kenexa (NASDAQ: KNXA) was downgraded to Market Underperform from Market Perform at JMP Securities. The firm downgraded shares following the disappointing Q3 report and guidance as pressure on its business is likely to continue.
- UBS downgraded AirTran Holdings (NYSE: AAI) to Neutral from Buy and AMR Corporation (NYSE: AMR) to Sell from Neutral. The firm cited weakening corporate demand for the downgrades.
OTHER DOWNGRADES:
- NICE Systems (NASDAQ: NICE) was downgraded to Neutral from Buy at Banc of America.
- Deutsche Bank downgraded Gol Linhas Aereas (NYSE: GOL) to Hold from Buy.
- Wachovia downgraded the Broker Sector to Market Weight from Overweight, also downgrading Goldman Sachs (NYSE: GS) to Market Perform from Outperform.
- Goldman removed Maxim (NASDAQ: MXIM) from its Conviction Buy List.
Tags: aai, airtran, amr, analyst, downgrade, gol, gol linhas, goldman sachs, GoldmanSachs, GolLinhas, gs, ing, innerworkings, inwk, kenexa, knxa, maxim, mxim, nice
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Reader Comments (Page 1 of 1)
11-14-2007 @ 9:08AM
Tavis Brookshire said...
AMR Employee relations are currently at an all time low.
All employee groups have zero confidence in AMR Management. Management has taken away....and taken away .....from employees and , at the same time richly rewarded themselves.
Next time you walk through an Airline Terminal...stop any American Airlines Employee and ask them what they think of the current management.
Most AA employees are looking for jobs elsewhere.