Analyst downgrades: RVBD, SIRI and ASML
Posted Apr 4th 2008 11:00AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Dell (DELL), Sirius Satellite Radio (SIRI)
.gif)
MOST NOTEWORTHY: Riverbed Technology, Sirius Satellite and ASML Holdings were today's noteworthy downgrades:
- Deutsche Bank downgraded shares of Riverbed Technology (NASDAQ: RVBD) to Hold from Buy after it negatively preannounced to reflect economic conditions and the company's lack of visibility.
- Credit Suisse said shares of Sirius Satellite (NASDAQ: SIRI) are trading near fair value and that shares will probably trade in a range between mid-$2s to $3 in 2008. Shares were downgraded to Neutral from Outperform.
- JP Morgan lowered ASML Holdings (NASDAQ: ASML) to Neutral from Overweight as they believe chip manufacturing equipment orders are suffering from the weak DRAM memory market.
OTHER DOWNGRADES:
- Dell (NASDAQ: DELL) was cut at Goldman to Neutral from Buy.
- Tesco PLC (OTC: TSCDY) was downgraded to Hold from Buy at Societe Generale.
- RBC Capital cut Radware (NASDAQ: RDWR) to Sector Perform from Outperform.
Tags: analyst, asml, dell, downgrade, radware, rdwr, riverbed, rvbd, siri, sirius, tesco, tscdy
Walmart's New Health Food Push: Is It Too Hard to Swallow?
Bonds Are a 'Safe' Investment: A Big Lie Gets Even Bigger
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
