Analyst downgrades: AEO, HOLX and BAIRY
Posted May 19th 2008 11:35AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades
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MOST NOTEWORTHY: American Eagle, Hologic and British Airways were today's noteworthy downgrades:
- Friedman Billings downgraded American Eagle (NYSE: AEO) to Underperform from Market Perform citing slowing top-line growth, difficult macro-environment, and the challenging women's category.
- Soleil cut Hologic (NASDAQ: HOLX) to Hold from Buy as it believes the cancellation of the FDA Radiological Devices Panel means a further delay in the tomosynthesis pre-market approval application.
- ABN downgraded shares of British Airways (Other OTC: BAIRY) to Sell from Hold as it believes the recent rally in the face of higher oil prices is unjustified. Shares were also lowered at Deutsche Bank to Sell from Buy as it believes the company may not be able to raise ticket prices enough to offset higher fuel costs.
OTHER DOWNGRADES:
Tags: aeo, american eagle, AmericanEagle, analyst, artc, arthrocare, bairy, british airways, BritishAirways, ceragon networks, CeragonNetworks, crnt, downgrade, hologic, holx, j sainsbury, JSainsbury, jsaiy
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