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Analyst downgrades: Golar LNG, Yingli Green Energy, Bill Barrett Corp.

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MOST NOTEWORTHY: Golar LNG, Yingli Green Energy and Bill Barrett were today's noteworthy downgrades:
  • Jefferies downgraded shares of Golar LNG (NASDAQ: GLNG) to Hold from Buy on valuation, as they see limited upside over the next 12 months.
  • Banc of America downgraded shares of Yingli Green Energy (NYSE: YGE) to Neutral from Buy on difficult fundamentals, as they believe solar industry gross margins will continue to contract due to silicon competition and decelerating demand in Spain and Germany.
  • SunTrust lowered Bill Barrett Corporation (NYSE: BBG) to Neutral from Buy based on valuation and lack of near-term exploration catalysts.
OTHER DOWNGRADES:
Symbol Lookup
IndexesChangePrice
DJIA-58.0510,392.90
NASDAQ-13.732,162.28
S&P 500-4.631,101.61

Last updated: November 24, 2009: 11:48 AM

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