Analyst downgrades: HBC, WPPGY and AWRE
Posted May 9th 2008 11:10AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, McDonald's (MCD)
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MOST NOTEWORTHY: HSBC Holdings, WPP Group and Aware were today's noteworthy downgrades:
- Morgan Stanley downgraded HSBC Holdings (NYSE: HBC) to Underweight from Equal Weight to reflect expected losses at the company's U.S. unit.
- ABN Amro cut WPP Group (NASDAQ: WPPGY) to Hold from Buy as they expect slowing top-line growth from stagnant marketing budgets.
- Merriman downgraded shares of Aware (NASDAQ: AWRE) to Neutral from Buy after DSL royalty revenue declined for a third straight quarter.
OTHER DOWNGRADES:
Tags: analyst, aware, awre, downgrade, gdp, goodrich, grupo aeroportuario, GrupoAeroportuario, hbc, hsbc, mcd, mcdonalds, omab, wpp group, WppGroup, wppgy
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