Analyst downgrades: TMA, KERX, ARO and WMT
Posted Mar 10th 2008 11:33AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Wal-Mart (WMT)
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MOST NOTEWORTHY: Thornburg Mortgage, Keryx Biopharma and Aeropostale were today's noteworthy downgrades:
- Jefferies downgraded shares of Thornburg Mortgage (NYSE: TMA) to Underperform from Hold after the company said it is unable to meet margin calls despite asset sales and will restate 2007 earnings.
- Keryx Biopharma (NASDAQ: KERX) was downgraded to Neutral from Buy at Merrill, to Neutral from Overweight at JP Morgan, to Underperform from Market Perform at Rodman & Renshaw, to Hold from Buy at Jefferies and to Underperform from Outperform at Bear Stearns after the company announced the Sulonex SUN-MICRO Phase 3 trial failed to meet the primary endpoint.
- Citigroup lowered Aeropostale (NYSE: ARO) to Sell from Hold as they believe inventory levels are building and that there is downside risk to Q1 estimates.
OTHER DOWNGRADES:
Tags: aeropostale, analyst, aro, downgrade, j2 global, J2Global, jcom, kerx, keryx, lincare, lncr, thornburg, tma, wal-mart, wmt
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