Analyst downgrades: CSCO, KEX and FED
Posted Apr 3rd 2008 11:42AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Cisco Systems (CSCO), Lloyds TSB Group plc ADS (LYG)
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MOST NOTEWORTHY: Cisco Systems, Kirby and First Fed Financial were today's noteworthy downgrades:
- UBS downgraded Cisco (NASDAQ: CSCO) to Neutral from Buy after channel checks indicated orders are slowing, which gives them concern over the July quarter.
- Stephens cut Kirby (NYSE: KEX) to Equal Weight from Overweight as they believe a good 2008 is already priced into shares and that the liquid barge industry cycle may be nearing a top.
- First Fed Financial (NYSE: FED) was lowered to Neutral from Outperform at Credit Suisse, citing credit quality deterioration.
OTHER DOWNGRADES:
Tags: analyst, cisco, csco, downgrade, fed, fire, first fed, FirstFed, ful, hb fuller, HbFuller, inthenews, kex, kirby, lyg, sourcefire, tsb group, TsbGroup
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