Analyst downgrades: RHT, COF and NVO

MOST NOTEWORTHY: Red Hat, Capital One and Novo Nordisk were today's noteworthy downgrades:

Banc of America downgraded shares of Red Hat (NYSE: RHT) to Neutral from Buy, despite expectations for solid Q3 results, due to a lack of billings catalysts and their belief that JBoss continues to have trouble gaining momentum.
Capital One (NYSE: COF) was lowered to Hold from Buy at Jefferies, as they expect limited upside until investors have improved visibility on the extent and timing of credit losses.
Merrill downgraded Novo Nordisk (NYSE: NVO) to Neutral from Buy on a lack of near-term catalysts with the company's diabetes and obesity drug-trial data being already presented.

OTHER DOWNGRADES:

Tags: cme, cof, nvo, plt, rht, slm

12-13-2007 @ 12:30PM

Gee, How Funny.I can remember Cramer loading the truck up on COF.Idiot. And Idiots who listen to him.

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