Analyst downgrades: RFMD, WDC and BYD
Posted Feb 28th 2008 11:42AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Upgrades and Downgrades
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MOST NOTEWORTHY: RF Micro Devices, Western Digital and Boyd Gaming were today's noteworthy downgrades:
- Jefferies downgraded shares of RF Micro Devices (NASDAQ: RFMD) to Hold from Buy to reflect the continued softness in the China Market after Asian channel checks suggested the March quarter will be weak.
- Citigroup downgraded shares of Western Digital (NYSE: WDC) to Hold from Buy, as they believe the HDD industry is nearing a cyclical peak. They also view the likelihood of consolidation as less likely given the current conditions.
- Boyd Gaming (NYSE: BYD) was lowered to Neutral from Add at Calyon following its Q4 report.
OTHER DOWNGRADES:
Tags: analyst, borgwarner, boyd, bwa, byd, downgrade, edison, eix, lea, rf micro, rfmd, RfMicro, trw, wdc, western digital, WesternDigital
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