Analyst downgrades: DIS, MNI and MCD

Posted Jan 29th 2008 10:50AM by Eric Buscemi
Filed under: McDonald's (MCD), Walt Disney (DIS)

MOST NOTEWORTHY: Disney, McClatchy News and McDonald's were today's noteworthy downgrades:

Citigroup downgraded shares of Disney (NYSE: DIS) to Sell from Hold after their databases indicated a slowdown in Parks is likely. They believe the slowdown in Parks will be coupled with a broader ad slowdown and lowered their target to $26 from $36.
Wachovia lowered its rating on McClatchy News (NYSE: MNI) to Market Perform from Outperform and has concerns that the California and Florida markets could weaken further.
McDonald's (NYSE: MCD) was downgraded to Peer Perform from Outperform at Bear. The firm cited slowing US sales, international business sensitivity to the economy, and valuation.

OTHER DOWNGRADES:

Tags: alb, asr, dis, mcd, mni, nmx

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