Analyst downgrades: Priceline.com, Monster, Internap
Posted Mar 19th 2008 11:42AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Sara Lee Corp (SLE), Monster Worldwide (MNST), Kraft Foods'A' (KFT)
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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:
Tags: analyst, downgrade, getty, gty, inap, internap, kft, kraft, mnst, monster, pcln, priceline, sara lee, SaraLee, sle, vlkay, volkswagen
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