Analyst downgrades: PG, HGSI and MT

MOST NOTEWORTHY: Procter & Gamble, Human Genome and Arcelor Mittal were today's noteworthy downgrades:

Deutsche Bank downgraded shares of Procter & Gamble (NYSE:PG) to Hold from Buy on valuation and their expectation for slowing short-term industry growth, especially in beauty.
Citigroup downgraded Human Genome (NASDAQ:HGSI) to Hold from Buy as they believe giving up Syncria's royalties removes an important value driver for the stock.
HSBC downgraded shares of Arcelor Mittal (NYSE:MT) to Neutral from Overweight on valuation and believes the company needs to raise prices more than costs have risen for iron ore, coking coal and steel scrap.

OTHER DOWNGRADES:

BAE Systems (NASDAQ:BAESY) was cut to Equal Weight from Overweight at Morgan Stanley.
Merrill downgraded Zoltek (NASDAQ:ZOLT) to Neutral from Buy.
Credit Suisse downgraded Illinois Tool Works (NYSE:ITW) and International Paper (NYSE:IP) to Neutral from Outperform.

Tags: analyst, arcelor mittal, ArcelorMittal, bae systems, baesy, BaeSystems, downgrade, hgsi, human genome, HumanGenome, illinois tool works, IllinoisToolWorks, inthenews, itw, mt, pg, procter gamble, ProcterGamble, zolt, zoltek

#	Blogger	Posts	Cmts
1	Joseph Lazzaro	51	0
2	Connie Madon	47	0
3	Steven Mallas	45	0
4	Mark Fightmaster	42	0
5	Steven Halpern	42	0
6	Zac Bissonnette	39	0
7	Tom Taulli	37	0
8	Tom Johansmeyer	25	0
9	Brian White	25	0
10	Sheldon Liber	24	0
11	Trey Thoelcke	22	0
12	Jim Cramer	21	0
13	Melly Alazraki	21	0
14	Paul Foster	21	0
15	Jamie Dlugosch	19	0
16	Eric Buscemi	19	0
17	Jon Ogg	18	0
18	Elizabeth Harrow	18	2
19	Brent Archer	17	0
20	Michael Fowlkes	11	0

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

Other Weblogs Inc. Network blogs you might be interested in:

Investors pressure private equity funds to cut fees Will an IPO bring more transparency to KKR? Will FDIC's new rules for buying failed banks deter private-equity investors?	Microsoft must be innovative with Hohm to avoid being an also-ran Q2 to be tough on earnings, but some improvement My Activision Blizzard trade
Apple Stores will replace broken iPhone displays iPod touch, nano might get cameras Driving along in my automobile, with an iPhone or iPod	How to try Google Android on x86 computers with a LiveCD Limewire gets improved torrent support in new beta thanks to LibTorrent Hulu begins rolling out ABC shows
Pita Oceana Will Be 'Bargain' Platinum Metal Watch New Carson City Cigar Bar Offers 4,000 Sticks AQUA in Cancun Put Stress Relief Within Reach	Q2 to be tough on earnings, but some improvement Google argues that it isn't really that big after all Dell developing a pocket Web pal?