Analyst downgrades: JSAIY, OFIX and SLRY

MOST NOTEWORTHY: J. Sainsbury, Orthofix and Salary.com were today's noteworthy downgrades:

Merrill Lynch downgraded J. Sainsbury (Other OTC:JSAIY) to Sell from Neutral following the company's quarterly results; Deutsche Bank downgraded shares to Sell from Hold as they believe the company's results show it has lost momentum.
ThinkPanmure downgraded Orthofix (NASDAQ:OFIX) to Source of Funds from Accumulate citing the loss of Osteocel, which will impact growth.
Wachovia cut Salary.com (NASDAQ:SLRY) to Market Perform from Outperform citing concerns that FY09 will be a challenging given significant increases in investment for sales and marketing.

OTHER DOWNGRADES:

Tags: analyst, downgrade, inthenews, j sainsbury, JSainsbury, jsaiy, knight transportation, KnightTransportation, knx, national semi, NationalSemi, nsm, ofix, orthofix, salary.com, slry, statoilhydro, sto

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