Analyst downgrades: SUN, RYAAY, HBC, MPP, PCU, CNH and HBC

MOST NOTEWORTHY: Sunoco, Ryanair and HSBC Holdings were today's noteworthy downgrades:

JP Morgan downgraded Sunoco (NYSE: SUN) to Underweight from Neutral citing expected margin pressure due to high leverage to sweet crude. Goldman also downgraded shares of Sunoco to Neutral from Buy.
Deutsche Bank downgraded shares of Ryanair (NASDAQ: RYAAY) to Sell from Hold as they believe the European airlines sector will trade well below book value until the companies deal with higher oil prices.
UBS cut HSBC (NYSE: HBC) to Neutral from Buy to reflect the potential for higher losses at the company's household unit and weak performance at its U.S. bank.

OTHER DOWNGRADES:

Broadpoint lowered MTS Medication (NYSE: MPP) to Neutral from Strong Buy.
HSBC cut Southern Peru Copper (NYSE: PCU) to Neutral from Overweight.
Goldman downgraded CNH Global (NYSE: CNH) to Neutral from Buy and PetroChina (PTR) to Sell from Buy.

Tags: analyst, cnh, cnh global, CnhGlobal, downgrade, hbc, hsbc, mpp, mts medication, MtsMedication, pcu, petrochina, ptr, ryaay, ryanair, southern peru copper, SouthernPeruCopper, sun, sunoco

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