Analyst downgrades: ETFC, SBIB and RIMM

MOST NOTEWORTHY: E-Trade, Sterling Bancshares and Research in Motion and were today's noteworthy downgrades:

Bank of America downgraded shares of E-Trade (NASDAQ: ETFC) to Sell from Neutral, as they no longer believe the value of the company's retail brokerage business can offset negative value at the bank.
Sterling Bancshares (NASDAQ: SBIB) was downgraded to Neutral from Outperform at Baird on valuation.
Morgan Keegan lowered its rating on Research in Motion (NASDAQ: RIMM) to Market Perform from Outperform, and believes the 8000 series upgrade cycle will likely slow and that share performance will be impacted by expectations of a slowing economy..

OTHER DOWNGRADES:

UAL Corp. (NASDAQ: UAUA) and Johnson Controls (NYSE: JCI) were downgraded to Equal Weight from Overweight at Lehman.
Chesapeake (NYSE: CHK) was lowered to Equal Weight from Overweight at Morgan Stanley.

Tags: chk, eyfc, jci, rimm, sbib, uaua

#	Blogger	Posts	Cmts
1	Joseph Lazzaro	59	0
2	Connie Madon	52	0
3	Steven Mallas	48	0
4	Steven Halpern	46	0
5	Mark Fightmaster	45	0
6	Zac Bissonnette	39	0
7	Tom Taulli	35	0
8	Sheldon Liber	29	0
9	Brian White	28	0
10	Tom Johansmeyer	27	0
11	Melly Alazraki	24	0
12	Paul Foster	24	0
13	Trey Thoelcke	23	0
14	Jim Cramer	23	0
15	Eric Buscemi	21	0
16	Brent Archer	20	0
17	Elizabeth Harrow	20	2
18	Jon Ogg	20	0
19	Jamie Dlugosch	13	0
20	Michael Fowlkes	13	0

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

Other Weblogs Inc. Network blogs you might be interested in:

KKR joins Bertelsmann in music rights venture New FDIC rules favor banks over private equity Investors pressure private equity funds to cut fees	Google to launch alternative to Windows Before the bell: Futures flat ahead of Alcoa earnings, G-8 summit Does Microsoft need to be concerned about Cisco's recent plans?
University of Florida pharmacy students must have iPhone or iPod Touch 7200RPM drives trouble some MacBook Pro owners with mystery beeps Hands on With RunPee for iPhone	Keep web sites out of your Firefox history with HistoryBlock Google begins using PDF viewer for search results Overlapr: Find your Twitter commonalities
Overmarine Mangusta 165 Superyacht for Sale at $40 Million Malibu Rum Offers Coral Reef Internship Meanwhile Ranch, Estate of the Day	Google to launch alternative to Windows Before the bell: Futures flat ahead of Alcoa earnings, G-8 summit U.S. Justice Department turns an eye on the telecoms