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Analyst downgrades: AIG, PSUN, FDX and LNG

Posted May 12th 2008 11:47AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, FedEx Corp (FDX), Amer Intl Group (AIG)

MOST NOTEWORTHY: American International Group, Pacific Sunwear, FedEx and Cheniere Energy were today's noteworthy downgrades:
  • Goldman downgraded American International Group (NYSE: AIG) to Neutral from Buy as they expect market concerns regarding balance sheet pressures and dilutive capital raises to pressure shares.
  • Citigroup downgraded shares of Pacific Sunwear (NASDAQ: PSUN) to Sell from Buy as they believe Q1 trends are disappointing following the comp results.
  • Morgan Keegan downgraded FedEx (NYSE: FDX) to Market Perform from Outperform citing the uncertainty related to fuel prices and the economy. RBC
  • Capital cut Cheniere Energy (NYSE: LNG) to Underperform from Outperform citing the corrected 2007 10K which indicates increased liquidity concerns.
OTHER DOWNGRADES:
  • Oppenheimer cut Navios Maritime (NYSE: NM) to Perform from Outperform.
  • Credit Suisse lowered TAL International Group (NYSE: TAL) to Neutral from Outperform.
  • Vital Signs (NASDAQ: VITL) was downgraded at Piper to Neutral from Buy.

Tags: aig, cheniere, downgrade, fdx, fedex, lng, navios, nm, pacific sunwear, PacificSunwear, psun, tal, vital signs, VitalSigns, vitl

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