Analyst downgrades: F, TRAK and OCR
Posted Mar 3rd 2008 11:17AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Ford Motor (F)
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MOST NOTEWORTHY: Ford, DealerTrack and Omnicare were today's noteworthy downgrades:
- Citigroup downgraded shares of Ford (NYSE: F) to Sell from Hold, as they see a number of rising headwinds in the company's turnaround, including a low likelihood of Ford's relatively older product lineup holding U.S. share in the first half of 2008.
- Lehman downgraded DealerTrack (NASDAQ: TRAK) to Equal Weight from Overweight citing near-term headwinds from economic uncertainty, declining auto sales, declining growth, and non-prime transaction risk.
- Oppenheimer downgraded shares of Omnicare (NYSE: OCR) to Perform from Outperform to reflect concerns over the timing and pace of a potential recovery.
OTHER DOWNGRADES:
Tags: analyst, bbv, dealertrack, downgrade, f, ford, inthenews, mdiuy, mediaset, ocr, omnicare, trak, wdc, western digital, WesternDigital
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