Analyst downgrades: LVLT, BT and LTD
Posted Feb 8th 2008 9:57AM by Laurie Pasternack
Filed under: Analyst Upgrades and Downgrades, Bad News, Limited Brands (LTD), Level 3 Communications (LVLT)
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MOST NOTEWORTHY: Level 3 Communications, BT Group and Limited Brands were today's noteworthy downgrades:
- Merriman downgraded shares of Level 3 Communications Inc (NASDAQ: LVLT) to Neutral from Buy, as they believe the risks outweigh the rewards until the company can complete its integration and turn FCF positive.
- BT Group Plc (NYSE: BT) was downgraded to Equal Weight from Overweight at Lehman to reflect the company's slowing revenue growth.
- Bear downgraded Limited Brands Inc (NYSE: LTD) to Peer Perform from Outperform, citing the unfavorable macro backdrop, execution issues and management turnover.
OTHER DOWNGRADES:
Tags: Anglogold Ashanti, AnglogoldAshanti, au, bt, bt group, BtGroup, cox radio, CoxRadio, cxr, glaxosmithkline, gsk, inthenews, Level 3 Communications, Level3Communications, limited brands, LimitedBrands, ltd, lvlt
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