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MOST NOTEWORTHY: Sears Holding, Reuters Group and Shire Plc were today's noteworthy downgrades:
- Goldman downgraded shares of Sears Holding (NASDAQ: SHLD) to Sell from Neutral as they expect continued share loss and profit pressures in this macro environment.
- ABN Amro lowered its rating on Reuters Group (NASDAQ: RTRSY) to Sell from Hold as they believe the credit crisis will impact the company's banking profitability.
- Shire Plc (NASDAQ: SHPGY) was downgraded to Neutral from Buy at Merrill. The firm sees limited upside to 2008 earnings.
OTHER DOWNGRADES:
Will Rich Ross really have a positive impact on Disney's movie operations?
Consumers sick of recession, may spend extra on holidays
Corrections, seasonality and Santa Claus
Reader Comments (Page 1 of 1)
1-14-2008 @ 3:18PM
SYD S said...
i did some looking to sears and some of there advertising. it seems they do not advertise in certain areas including the one that i live in. my village (city) is located in between three sears stores. we do not get any advs. from sears. it is not only my are but some of the surroundin areas.these areas are pretty affluent areas with mostly private homes.people will not take a ride to a sears store just to find out what is on sale or what specials they are offering.i just wonder how many areas they do this in. alot of money is being given to the competion.how stupid. WAKE UP SEARS. OPEN YOUR EYES.