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Analyst downgrades: Priceline.com, Monster, Internap

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MOST NOTEWORTHY: Priceline.com, Monster and Internap were today's noteworthy downgrades:
  • Susquehanna downgraded Priceline.com (NASDAQ: PCLN) to Neutral from Positive as they believe upside may be difficult given the macro environment, competition, and currency headwinds.
  • JP Morgan lowered Monster (NASDAQ: MNST) to Neutral from Overweight following the company's expectations for higher 1Q08 operating expenses.
  • Internap (NASDAQ: INAP) was downgraded by Merriman to Neutral from Buy as they believe upside will be limited until the company can complete its integration of the VitalStream CDN acquisition.
OTHER DOWNGRADES:
Symbol Lookup
IndexesChangePrice
DJIA+15.8010,242.74
NASDAQ-1.922,152.14
S&P 500+0.221,093.30

Last updated: November 10, 2009: 02:47 PM

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