Analyst downgrades: BBY, COP, DBD, EOG and BKS

Jefferies downgraded shares of Diebold (NYSE: DBD) to Hold from Buy on valuation following United Tech's (NYSE: UTX) offer, as they do not see enough upside over the near-term to maintain a Buy rating.
Oppenheimer cut EOG Resources (NYSE: EOG) to Underperform from Perform on valuation, as they think the 20% run-up post analyst meeting was unjustified.
Barnes & Noble (NYSE: BKS) was lowered to Underweight from Neutral at JP Morgan, as they believe Street SSS expectations are too high given slowing sales and secular margin pressure.

OTHER DOWNGRADES:

Lehman downgraded ConocoPhillips (NYSE: COP) to Equal Weight from Overweight. Credit Suisse downgraded Deerfield Triarc Capital (NYSE: DFR) to Neutral from Outperform.
Best Buy (NYSE: BBY) was downgraded to Neutral from Buy at Banc of America.

Tags: bby, bks, cop, dbd, dfr, eog, inthenews, utx

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Reader Comments (Page 1 of 1)

3-04-2008 @ 12:34PM

gumby said...

GOOD NEWS!!!??
WE ARE DEVELOPING NEW BULLSHIT GASIFICATION PILOT PLANTS DOTTING ACROSS AMERICA. WE WILL BE ENERGY INDEPENDENT ON BULLSHIT!

3-04-2008 @ 3:02PM

wes0922 said...

The day traders are having a field day.I get sick of one day the world is wonderful and the next day we are doomed.Wew understand that we are oil poor causing the price of oil to be at this level.
We ARE NOT in a recession but we will be in a depression if oil reaches $125.
I wish these analyst would shut up and we would be 100% better off. They short the stock and thengive you all bad news then they buy back.