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MOST NOTEWORTHY: Comcast, ING Group, Allianz AG and Fannie Mae were today's noteworthy downgrades:
- Goldman downgraded Comcast Corp. (NASDAQ: CMCSA) to Neutral from Buy following the company's reduced 2007 guidance.
- Merrill downgraded shares of ING Group (NYSE: ING) and Allianz AG (NYSE: AZ) to Neutral from Buy to reflect their more cautious view on the sector due to subprime mortgages spreads.
- Piper lowered its rating on Fannie Mae (NYSE: FNM) to Neutral from Buy due to the lack of visibility regarding when credit losses will peak. Credit Suisse downgraded shares to Underperform from Neutral.
OTHER DOWNGRADES:
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The week in preview: Focus returns to earnings: Alcoa, Chevron, Family Dollar
Comfort Zone Investing: Survival of the fittest -- letting some banks fail
