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Analyst downgrades: STO, PT and STEC

Posted Dec 10th 2007 12:35PM by Eric BuscemiEric Buscemi RSS Feed
Filed under: Analyst Upgrades and Downgrades


MOST NOTEWORTHY: StatoilHydro, Portugal Telecom and STEC Inc were today's noteworthy downgrades:
  • Deutsche Bank downgraded shares of StatoilHydro (NYSE: STO) to Hold from Buy after the company cut its production forecast.
  • Credit Suisse lowered its rating on Portugal Telecom (NYSE: PT) to Underperform from Outperform on competition concerns.
  • B. Riley downgraded shares of STEC Inc. (NASDAQ: STEC) to Neutral from Buy on valuation, as they believe the risk/reward is neutral following the recent rally.
OTHER DOWNGRADES:

Tags: downgrades, PALM, PT, RHT, STEC, STO, TKG, TRID

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