Analyst downgrades: EMC, ACGY, CASY, WGOV, SEE and COCO
Posted May 20th 2008 12:12PM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, EMC Corp (EMC)
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MOST NOTEWORTHY: Acergy, Casey's General and Corinthian Colleges were today's noteworthy downgrades:
- Citigroup downgraded shares of Acergy (NASDAQ: ACGY) to Sell from Hold as they see risk to the company's backlog and believes the recent share rally is not supported by business operations.
- Casey's General (NASDAQ: CASY) was downgraded at Friedman Billings to Underperform from Market Perform citing headwinds that include weak gas comps.
- Banc of America downgraded shares of Corinthian Colleges (NASDAQ: COCO) to Neutral from Buy as they believe the post-legislation lending overhang will limit further share upside until COCO can show its students can access federal funds with minimal disruption.
OTHER DOWNGRADES:
Tags: acergy, acgy, bemis, bms, caseys, casy, coco, corinthian colleges, CorinthianColleges, downgrade, emc, sealed air, SealedAir, see, wgov, woodward governor, WoodwardGovernor
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