Analyst downgrades: SNE, FTWR and CRME

MOST NOTEWORTHY: Sony, FiberTower and Cardiome Pharma were today's noteworthy downgrades:

Goldman lowered its rating on Sony (NYSE: SNE) to Neutral from Buy, citing the yen strength and the economic slowdown.
Merriman downgraded shares of FiberTower (NASDAQ: FTWR) to Neutral from Buy following the CEO resignation due to added uncertainty. They do not anticipate the valuation to improve from current levels until a permanent CEO is named.
Cardiome Pharma (NASDAQ: CRME) was downgraded to Neutral from Buy at Merrill following the FDA's decision to delay the Kynapid drug.

OTHER DOWNGRADES:

Tags: American Express, AmericanExpress, AXP, Cardiome Pharma, CardiomePharma, CRME, DB, Deutsche Bank, DeutscheBank, FiberTower, FTWR, JC Penney, JCP, JcPenney, SNE, Sony, Sony Corp, SonyCorp

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