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MOST NOTEWORTHY: Anadigics, Crystal River Capital and Canadian Solar were today's noteworthy downgrades:
- Oppenheimer downgraded shares of Anadigics (NASDAQ: ANAD) to Perform from Outperform on valuation following the recent run-up.
- Wachovia downgraded Crystal River Capital (NYSE: CRZ) to Market Perform from Outperform citing the uncertain near-term strategic outlook.
- Broadpoint downgraded shares of Canadian Solar (NASDAQ: CSIQ) to Buy from Strong Buy on valuation following yesterday's rally but raised their target to $45 from $29.
OTHER DOWNGRADES:
- UBS cut Sunstone Hotel Investors (NYSE: SHO) to Neutral from Buy.
- KeyBanc downgraded Wabtec (NYSE: WAB) to Hold from Buy.
- Goldman downgraded Fiserv (NASDAQ: FISV) to Neutral from Buy.
- Suntrust downgraded Spectrum Brands (NYSE: SPC) to Neutral from Buy.
Closing Bell: When We All Love the PIIGS (NBG, SQNM, PG, ERTS, KO)
Serious Money: Cheapest Stocks List Shrinks from 26 to 21
Chasing Value: Hasbro Earnings Makes My Point
