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Analyst downgrades: SLM, Tempur Pedic, ITT

Posted Apr 16th 2008 11:58AM by Eric BuscemiEric Buscemi RSS Feed
Filed under: Analyst reports, Analyst upgrades and downgrades, SLM Corp (SLM)

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MOST NOTEWORTHY: SLM Corp, Tempur Pedic and ITT Corp were today's noteworthy downgrades:

  • Morgan Stanley downgraded SLM Corp. (NYSE: SLM) to Underweight from Equal Weight citing the impact on earnings from reduced government subsidies and disrupted capital markets.
  • Tempur Pedic (NYSE: TPX) was cut to Neutral from Overweight at JP Morgan citing the consumer slowdown and increased competition.
  • Credit Suisse downgraded ITT Corp. (NYSE: ITT) to Neutral from Outperform citing the surprised management changes announced last night.

OTHER DOWNGRADES:

  • Cowen downgraded TechTarget (NASDAQ: TTGT) to Neutral from Outperform.
  • Merriman lowered Jamba (NASDAQ: JMBA) to Neutral from Buy.
  • LSI Corp. (NYSE: LSI) was downgraded at Merrill to Neutral from Buy.

Tags: analyst, downgrade, itt, jamba, jmba, lsi, slm, techtarget, tempur pedic, TempurPedic, tpx, ttgt

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Last updated: November 14, 2009: 09:34 PM

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