Analyst downgrades: BOOM, AGN and JAVA
Posted May 2nd 2008 11:00AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Allergan (AGN), Sun Microsystems (JAVA)
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MOST NOTEWORTHY: Dynamic Materials, Allergan and Sun Micro were among today's noteworthy downgrades:
- Dynamic Materials (NASDAQ: BOOM) was downgraded to Neutral from Overweight at J.P. Morgan following the Q1 report based on margin risk from steel costs and availability.
- Allergan (NYSE: AGN) was downgraded to Hold from Buy at Jefferies ahead of the Q1 report on May 7 based on potential deceleration in Botox and breast implants, which could result in multiple contractions.
- Sun Microsystems (NASDAQ: JAVA) was downgraded to Peer Perform from Outperform at Bear, citing the disappointing earnings report for the downgrade.
OTHER DOWNGRADES:
- ManTech (NASDAQ: MANT) was downgraded to Neutral from Outperform at Cowen based on valuation and expectations for decelerating growth in 2H08.
- Silver State Bancorp (NASDAQ: SSBX) was downgraded to Sell from Hold at Sandler O'Neil.
Tags: agn, allergan, analyst, boom, downgrade, dynamic materials, DynamicMaterials, java, mant, mantech, silver state, SilverState, ssbx, sun micro, SunMicro
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