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Analyst downgrades: BBBY, DSW and OPLK

Posted Mar 28th 2008 11:25AM by Eric Buscemi
Filed under: Analyst Upgrades and Downgrades, Bed Bath and Beyond (BBBY), Tiffany and Co (TIF)

MOST NOTEWORTHY: Bed Bath & Beyond, DSW Inc and Oplink Comm were today's noteworthy downgrades:

JP Morgan downgraded Bed Bath & Beyond (NASDAQ: BBBY) to Underweight from Neutral citing recent sales commentary from competitors and the difficult macro environment.
Oppenheimer cut DSW Inc (NYSE: DSW) to Perform from Outperform following the company's Q1 miss and lower than expected guidance, as they see little visibility in the coming quarters.
Piper downgraded shares of Oplink Communications (NASDAQ: OPLK) to Sell from Neutral following the company's negative earnings preannouncement and lowered their target to $9.00 from $14.

OTHER DOWNGRADES:

Tiffany (NYSE: TIF) was downgraded to Sell from Neutral at Merrill.
Goldman cut National Semiconductor Corp (NYSE: NSM) to Sell from Neutral.
Wellpoint (NYSE: WLP) was downgraded to Equal Weight from Overweight at Lehman.

Tags: BBBY, Bed Bath and Beyond, BedBathAndBeyond, DSW, National Semiconductor Corp, NationalSemiconductorCorp, NSM, Oplink Communications, OplinkCommunications, OPLK, TIF, Tiffany and Co, TiffanyAndCo, Wellpoint, WLP

Indexes	Change	Price
DJIA	-89.23	12,801.23
NASDAQ	-23.35	2,903.88
S&P 500	-9.31	1,342.64

Last updated: February 12, 2012: 08:19 PM

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