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MOST NOTEWORTHY: DuPont, eBay, Google and Philips Electronics were today's noteworthy downgrades:
- Oppenheimer believes DuPont's (NYSE: DD) guidance will be difficult to achieve given the potential recession and notes recent share strength. The firm lowered its rating to Underperform from Perform.
- Citigroup downgraded shares of eBay (NASDAQ: EBAY) to Hold from Buy and lowered their target to $31 from $49 following the EBAY's Q4 results, as they believe its outlook is more uncertain following the company's cautious macro comments.
- Stanford downgraded Google (NASDAQ: GOOG) to Hold from Buy citing slowing e-commerce and search volume growth, along with the global slowdown.
- Credit Suisse downgraded shares of Philips Electronics (NYSE: PHG) to Underperform from Neutral, as they see no near-term catalysts and believe the company's sales growth is vulnerable to any economic slowdown.
OTHER DOWNGRADES:
- Broadpoint lowered its rating on THQ (NASDAQ: THQI) to Sell from Neutral.
- Goldman downgraded Sepracor (NASDAQ: SEPR) to Sell from Neutral.
- Morgan Stanley lowered Trane (NYSE: TT) to Underweight from Equal Weight.
Reid Hoffman: LinkedIn will go public (at some point)
Retailers can't wait for Black Friday, open Thursday
Tiffany's serves up solid quarterly earnings
Reader Comments (Page 1 of 1)
1-26-2008 @ 10:47AM
Mozelle said...
Analysts are a dime a dozen, and their advice cannot be trusted. They are buyers and sellers of stock.
Henry B...proved that! We all remember old HENRY right?
People are LOSING their hard earned MONEY right now because of these so called analysts advice, who not long ago were screaming BUY BUY..BUY.
eBay will go to 50.00 and so on...
Google will go to 600.00 ....OOOPs!
I guess they all CASHED in big time along with the likes of MEG Whittman and laughed all the way to the bank.
Now they will try to drive the stock market as low as it will go without bankrupting the entire country.
By June or July of this year ( 2nd quarter) these same bozos will be blowing the horn again for these companies with a BUY. BUY. BUY.