.gif)
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:
- Goldman removed CME Group (NYSE: CME) from its Conviction Buy List.
- JP Morgan lowered Plantronics (NYSE: PLT) to Underweight from Neutral.
- Thomas Weisel downgraded SLM Corp (NYSE: SLM) to Market Weight from Overweight.
Tax Reform in This Election Year: It's Not Likely
Which Credit Card Rewards Does the IRS Care About?
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
Reader Comments (Page 1 of 1)
12-13-2007 @ 12:30PM
Doug said...
Gee, How Funny.I can remember Cramer loading the truck up on COF.Idiot. And Idiots who listen to him.