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MOST NOTEWORTHY: Anheuser-Busch, Brasil Telecom and Finisar were today's noteworthy downgrades:- UBS downgraded Anheuser-Busch (NYSE: BUD) to Neutral from Buy citing the InBev unsolicited bid.
- JP Morgan cut Brasil Telecom (NYSE: BRP) to Underweight from Neutral on concerns over the merger with Telemar.
- Piper downgraded Finisar (NASDAQ: FNSR) to Neutral from Buy following strong Q4 results, as they believe the company's acquisition of Optium creates substantial integration risk.
- Merrill cut Weyerhaeuser (NYSE: WY) to Neutral from Buy.
- PDL BioPharma (NASDAQ: PDLI) was downgraded to Neutral from Outperform at Credit Suisse.
- Wachovia downgraded McClatchy News (NYSE: MNI) to Underperform from Market Perform.
- Archer Daniels (NYSE: ADM) was downgraded to Equal Weight from Overweight at Morgan Stanley.
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