Analyst downgrades: WY, IFX, INTU, SOL, CP, PX

Posted Jun 2nd 2008 11:44AM by Eric Buscemi
Filed under: Analyst Reports, Intuit Inc (INTU), Analyst Initiations

MOST NOTEWORTHY: Weyerhaeuser, Infineon and Intuit were today's noteworthy downgrades:

Deutsche Bank downgraded shares of Weyerhaeuser (NYSE: WY) to Hold from Buy following the company's investor day, as they were disappointed that no REIT conversion will occur before 2010. Deutsche lowered their target price to $65 from $95.
Citigroup assumed coverage of IFX (NYSE: IFX) and downgraded the stock to Hold from Buy on valuation following the recent rally.
Merrill Lynch cut Intuit (NASDAQ: INTU) to Underperform from Neutral. The rating changes reflect Merrill's new rating system based on relative recommendations within the sector.

OTHER DOWNGRADES:

Morgan Stanley lowered ReneSola (NYSE: SOL) to Underweight from Equal Weight.
RBC Capital downgraded Canadian Pacific (NYSE: CP) to Sector Perform from Outperform.
Praxair (NYSE: PX) was downgraded at HSBC to Neutral from Overweight.

Tags: cp, downgrade, ifx, intu, px, sol, wy

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Reader Comments (Page 1 of 1)

6-02-2008 @ 1:14PM

Dave said...

eBay.com may be History unless it Immediately (and retroactively) Reverses the recent one-way feed back change...And...The recent neutral means negative(-) change... And the new 21 day paypal holding period!...

Many long term GOOD Honest Sellers have all ready
boycotted and others are beginning to investigate moving on to other Venues!!!

Seller Strikes and Lawsuits are being considered for later this Month!!!

eBay may quickly become nothing more then a phishing/hacking playground
for unrestrained non-paying, un-reasonable, blackmailing and crooked buyers!!! ...

Does eBay have the Hundreds of Thousands of fraud control employees that
will be required to control all of the MANY problems that will come along with these changes???

Unless the Company returns immediately
to the proven and tried policies that it was built upon...

It may quickly Fall Apart!!!

http://www.ioffer.com/info/parody_feepay