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MOST NOTEWORTHY: Shanda Interactive, Evergreen Solar, SunPower and Marriott were today's noteworthy downgrades:
- Citigroup downgraded shares of Shanda Interactive (NASDAQ:SNDA) to Hold from Buy following the company's lower-than-expected guidance as they see a lack of positive catalysts.
- Merrill downgraded Evergreen Solar (NASDAQ:ESLR) and SunPower (NASDAQ:SPWR) to Sell from Neutral citing a potential reduction in German tariffs.
- Morgan Stanley downgraded Marriott (NYSE:MAR) to Equal Weight from Overweight citing economic pressures on business travel.
OTHER DOWNGRADES:
- Vivus (NASDAQ:VVUS) was downgraded at Wachovia to Market Perform from Outperform.
- UBS lowered Juniper(NASDAQ:JNPR) to Neutral from Buy.
- Cemex (NYSE:CX) was downgraded to Neutral from Overweight at JP Morgan.
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