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Analyst downgrades: ETFC, SBIB and RIMM

Posted Dec 3rd 2007 11:16AM by Eric Buscemi
Filed under: Analyst Upgrades and Downgrades, Chesapeake Energy (CHK), Research in Motion (RIMM), UAL Corp (UAUA), Johnson Controls (JCI)

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

Indexes	Change	Price
DJIA	-89.23	12,801.23
NASDAQ	-23.35	2,903.88
S&P 500	-9.31	1,342.64

Last updated: February 12, 2012: 08:21 PM

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