Analyst downgrades: FFBC, TZIX and GE
Posted Apr 14th 2008 12:04PM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, General Electric (GE)
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MOST NOTEWORTHY: First Financial, TriZetto and General Electric were today's noteworthy downgrades:
- Keefe Bruyette downgraded shares of First Financial (NASDAQ: FFBC) to Underperform from Market Perform on valuation, as they believe the stock trades at a premium to the group despite limited upside to normalized earnings and near term revenue headwinds.
- TriZetto (NASDAQ:TZIX) was cut at Jefferies to Hold from Buy based on Friday's go-private announcement, as they view the $22 deal price as fair.
- General Electric (NYSE: GE) was downgraded to Peer Perform from Outperform at Bear Stearns and to Perform from Outperform at Oppenheimer following the company's earnings miss and reduced guidance.
OTHER DOWNGRADES:
- Deustche Bank downgraded SPX Corp (NYSE: SPW) to Hold from Buy.
- Morgan Stanley cut British Airways (OTC:BAIRY) to Underweight from Equal Weight.
- Cymer (NASDAQ: CYMI) was lowered at Credit Suisse to Underperform from Neutral.
Tags: analyst, bairy, british airways, BritishAirways, cymer, cymi, downgrade, ffbc, first financial, FirstFinancial, ge, general electric, GeneralElectric, spw, spx corp, SpxCorp, trizetto, tzix
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