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MOST NOTEWORTHY: Best Buy, UBS AG, Credit Suisse and Jefferies Group were today's noteworthy downgrades:
- Deutsche Bank downgraded Best Buy (NYSE: BBY) shares to Hold from Buy on flat panel TV supply concerns as well as Wal-Mart's (NYSE: WMT) aggressiveness in consumer electronics.
- Societe Generale cut UBS (NYSE: UBS) and Credit Suisse (NYSE: CS) to Sell from Hold as they expect weakness in the company's investment banking revenues.
- Keefe Bruyette downgraded shares of Jefferies Group (NYSE: JEF) to Market Perform from Outperform on valuation as they do not see a near-term catalyst given the "choppy" environment and expense headwinds.
OTHER DOWNGRADES:
Walmart's New Health Food Push: Is It Too Hard to Swallow?
Bonds Are a 'Safe' Investment: A Big Lie Gets Even Bigger
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
