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Analyst downgrades: VZ, T, IVGN, GE, OMX, RYAAY, WBMD

Posted Jun 16th 2008 12:12PM by Eric BuscemiEric Buscemi RSS Feed
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, General Electric (GE), AT and T (T), Verizon Communications (VZ), OfficeMax Inc (OMX)


MOST NOTEWORTHY: Verizon, AT&T, Invitrogen and General Electric were today's noteworthy downgrades:
  • UBS downgraded Verizon (NYSE: VZ) and AT&T (NYSE: T) to Neutral from Buy citing the weak economy and increased wireless competition.
  • Banc of America downgraded shares of Invitrogen (NASDAQ: IVGN) to Neutral from Buy as the company's acquisition of Applied Biosystems (NYSE: ABI) alters their investment thesis. The company's target was cut to $38 from $50.
  • JP Morgan downgraded General Electric (NYSE: GE) to Neutral from Overweight citing further risk to earnings and dislocation from necessary portfolio management in 2009.
OTHER DOWNGRADES:
  • Office Max (NYSE: OMX) was cut to Neutral from Outperform at Credit Suisse.
  • Goldman lowered Ryanair (NASDAQ: RYAAY) to Sell from Buy.
  • WebMD Health (NASDAQ: WBMD) was downgraded to Sell from Source of Funds at ThinkPanmure.

Tags: downgrade, ge, inthenews, ivgn, omx, ryaay, t, vz, wbmd

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Last updated: February 13, 2012: 04:55 AM

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