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Analyst downgrades: RAM Holdings, State Street, Ericsson

Posted Apr 2nd 2008 11:54AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, AFLAC Inc (AFL)

MOST NOTEWORTHY: RAM Holdings, State Street and Ericsson were today's noteworthy downgrades:

  • Banc of America downgraded shares of RAM Holdings (NASDAQ: RAMR) to Neutral from Buy as they believe the company could have increasing loss provisions related to RMBS and CDO exposure over the next several quarters.
  • State Street (NYSE: STT) was cut to Market Perform from Outperform at Keefe Bruyette on valuation and difficult comparisons in the second half of 2008.
  • HSBC downgraded Ericsson (NASDAQ: ERIC) to Neutral from Overweight and prefers Nokia (NYSE: NOK) at current levels.

OTHER DOWNGRADES:

Tags: afl, aflac, analyst, downgrade, eric, ericsson, lukoil, lukoy, qmar, quintana, ram holdings, RamHoldings, ramr, state street, StateStreet, stt

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Last updated: July 24, 2008: 08:34 AM

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