Analyst downgrades: British American Tobacco, Vertex Pharma, YRC Worldwide

Posted Jan 3rd 2008 11:42AM by Eric Buscemi
Filed under: Analyst upgrades and downgrades

MOST NOTEWORTHY: British American Tobacco, Vertex Pharma and YRC Worldwide were today's noteworthy downgrades:

ABN Amro downgraded shares of British American Tobacco (AMEX: BTI) to Hold from Buy on valuation, as they view shares as fairly valued following the strong performance in 2007.
Wachovia lowered its rating on Vertex Pharma (NASDAQ: VRTX) to Underperform from Market Perform citing the potential push out of the telaprevir market launch to 2012 from 2010, which will allow the competition to grab share.
The firm also downgraded YRC Worldwide (NASDAQ: YRCW) to Underperform from Market Perform, as they have little confidence in any material near-term improvement for the company.

OTHER DOWNGRADES:

Tags: BRGYY, BTI, MUR, SFG, VRTX, YRCW

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