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MOST NOTEWORTHY: Barclays, Merrill Lynch and Akamai were today's noteworthy downgrades:
- Lehman downgraded shares of Barclays(NYSE:BCS)to Equal Weight from Overweight as they believe the uncertainty of more write-downs will weigh on the stock.
- Ladenburg Thalmann downgraded shares of Merrill Lynch (NYSE:MER) to Sell from Neutral as they believe disruptions in cash and hedge markets will result in lower than expected earnings. The firm lowered MER's EPS estimates and target to $39 from $49.
- Goldman cut Akamai (NASDAQ:AKAM) to Sell from Neutral based on valuation and competitive pressures.
OTHER DOWNGRADES:
- Merrill downgraded Semtech (NASDAQ:SMTC) to Sell from Neutral.
- Piper downgraded CDC Corp (CHINA) to Neutral from Buy.
- American Electric Power (AEP) was lowered at Jefferies to Hold from Buy.
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Reader Comments (Page 1 of 1)
5-22-2008 @ 12:23PM
Thomas said...
That guy from Goldman Sach is an idiot. Why would you want to sell a
winner.
Wouldn't you want to hold or take some off the table?