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MOST NOTEWORTHY: Royal Dutch Shell, Sonic Foundry and AT&T were today's noteworthy downgrades:
- JP Morgan downgraded shares of Royal Dutch Shell (NYSE:RDS.A) to Underweight from Neutral as they expect investors to remain cautious on the company's long-term prospects and a lack of growth catalysts.
- Merriman lowered Sonic Foundry (NASDAQ:SOFO) to Neutral from Buy following the weak Q1 results, to reflect the weak Enterprise segment.
- AT&T (NYSE:T) was downgraded to Hold from Buy at Citigroup following the company's mixed Q4 results, as they expect wireline softness to weigh on 2008 expectations and see no near-term catalysts.
OTHER DOWNGRADES:
Tax Reform in This Election Year: It's Not Likely
Walmart's New Health Food Push: Is It Too Hard to Swallow?
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
