Analyst downgrades: PDCO, VMED and MNKD
Posted Apr 10th 2008 11:05AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Pfizer (PFE)
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MOST NOTEWORTHY: Patterson Companies, Virgin Media and MannKind were today's noteworthy downgrades:
- Patterson (NASDAQ:PDCO) was downgraded to Neutral from Outperform at Baird, as the firm's checks indicate industry fundamentals have softened and it sees greater near-term risk for dental consumables than dental equipment.
- Virgin Media (NASDAQ:VMED) was cut to Hold from Buy at Jefferies as they believe the company's results could be under pressure given the continued competitive activity and potential weakening of the UK economy.
- Piper downgraded shares of MannKind (NASDAQ:MNKD) to Neutral from Buy and lowered their target to $1.50 after Pfizer (NYSE:PFE) discontinued inhaled insulin Exubera due to an increase in lung cancer cases.
OTHER DOWNGRADES:
- Lehman cut Cheniere Energy (LNG) to Equal Weight from Overweight.
- Pantry (PTRY) was cut to Market Perform from Outperform at Friedman Billings.
- JP Morgan lowered Watsco (WSO) to Neutral from Overweight.
Tags: analyst, cheniere, downgrade, lng, mannkind, mnkd, pantry, patterson, pdco, pfe, pfizer, ptry, virgin media, VirginMedia, vmed, watsco, wso
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