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Analyst downgrades: ORCL, PAY and AKH

Posted Dec 4th 2007 11:07AM by Eric BuscemiEric Buscemi RSS Feed
Filed under: Analyst Upgrades and Downgrades


MOST NOTEWORTHY: Oracle, VeriFone and Air France were today's noteworthy downgrades:
  • JMP Securities said checks indicate Oracle's (NASDAQ:ORCL) business is slowing along with enterprise software spending. The firm downgraded shares to Market Outperform from Strong Buy.
  • VeriFone (NYSE:PAY) was downgraded to Neutral from Buy at Merrill Lynch following its announcement it would restate 2007 financials due to errors.
  • Goldman lowered its rating on Air France (NYSE:AKH) to Neutral from Buy to reflect lower revenue and higher fuel cost assumptions.
OTHER DOWNGRADES:

Tags: Air France, AirFrance, AKH, Analyst downgrades, AnalystDowngrades, Oracle, ORCL, PAY, Verifone

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