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MOST NOTEWORTHY: RWE AG, Asta Funding and Trident Microsystems were today's noteworthy downgrades:
- Goldman lowered its rating on RWE AG (OTC:RWEOY) to Sell from Neutral. They believe shares are discounting high power prices for the long term and sees downside risk to earnings.
- Kaufman Bros. downgraded shares of Asta Funding (NASDAQ:ASFI) to Hold from Buy to reflect the uncertainty surrounding the company's extension in reporting its Q4 and fiscal 2007 results.
- Trident Microsystems (NASDAQ:TRID) was lowered to Hold from Buy at Roth Capital. Roth Capital's checks indicate low end TVs continue to outsell top tier LCD TVs, which could impact Trident's revenues.
OTHER DOWNGRADES:
- Trane (NYSE:TT) was downgraded to Equal Weight from Overweight at Lehman.
- Deutsche Bank downgraded Marshall & Ilsley (NYSE:MI) to Hold from Buy.
- UBS downgraded Nestle (NSRGY) to Neutral from Buy.
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Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
