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MOST NOTEWORTHY: Sigma Designs, Sky West and UBS AG were today's noteworthy downgrades:
- Sigma Designs (NASDAQ: SIGM) was lowered to Neutral from Outperform at Baird citing checks that indicate a more muted revenue outlook in 1H08 vs. 2H07.
- Soleil downgraded shares of Sky West (NASDAQ: SKYW) to Hold from Buy to reflect the high-fuel-price environment and headwinds from the legacy carrier consolidation.
- Bear Stearns downgraded UBS (NYSE: UBS) to Peer Perform from Outperform on concerns of further subprime write-downs.
OTHER DOWNGRADES:
- Dresdner Kleinwort downgraded Credit Suisse (NYSE: CS) to Hold from Buy.
- Morgan Joseph lowered Superior Essex (NASDAQ: SPSX) to Hold from Buy.
- Bed Bath & Beyond (NASDAQ: BBBY) was downgraded to Underperform from Market Perform at Morgan Keegan.
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