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MOST NOTEWORTHY: Schering-Plough, Vodafone and Tibco were today's noteworthy downgrades:
- Goldman downgraded Schering-Plough (NYSE: SGP) to Neutral from Buy following the panel discussion suggestion that doctors cut use of Vytrorin, Zetia. Shares were also cut at Lehman to Equal Weight from Overweight and at Cowen to Neutral from Outperform.
- Morgan Stanley lowered Vodafone (NYSE: VOD) to Underweight from Overweight as they believe the European Commission will aggressively lower mobile termination rates to cost to improve competition.
Jefferies downgraded shares of Tibco (NASDAQ: TIBX) to Underperform from Hold as they believe the economy will catch up with the company in the coming months.
OTHER DOWNGRADES:
- Goldman removed Ryanair (NASDAQ: RYAAY) from its Conviction Buy List.
- Thomson (NYSE: TOC) was cut to Hold from Buy at Deutsche Bank.
- Broadpoint downgraded Omniture (NASDAQ: OMTR) to Buy from Strong Buy.
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