Analyst downgrades: MOT, WSM, GT, POT and SNCR
Posted Apr 28th 2008 11:11AM by Laurie Pasternack
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Motorola (MOT), Goodyear Tire and Rubber (GT)
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MOST NOTEWORTHY: Motorola, Williams-Sonoma and Synchronoss were today's noteworthy downgrades:
- Thomas Weisel downgraded Motorola Inc (NYSE: MOT) to Market Weight from Overweight based on the general uncertainty in the company's core markets and the likelihood that the spin off may not occur for several quarters.
- Piper believes Williams-Sonoma Inc (NYSE: WSM) faces a challenging environment, and their checks reveal weakness at Pottery Barn. Shares were cut to Neutral from Buy.
- ThinkPanmure downgraded Synchronoss Technologies Inc (NASDAQ: SNCR) to Accumulate from Buy. The firm expects a strong Q1 report but expects shares to sell-off following the Q1 conference call due to modest guidance and the lack of a major customer win announcement.
OTHER DOWNGRADES:
Tags: Bank of Nova Scotia, BankOfNovaScotia, BNS, downgrades, Goodyear Tire, GoodyearTire, GT, inthenews, MOT, Motorola, POT, Potash, SNCR, Synchronoss, Williams-Sonoma, WSM
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