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Analyst downgrades: Priceline.com, Monster, Internap

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:

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Last updated: September 08, 2008: 04:59 AM

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