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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:
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
