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Analyst downgrades: IRF, WOSLY and PLD

Posted Jun 20th 2008 11:20AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Upgrades and Downgrades

MOST NOTEWORTHY: International Rectifier, Wolseley and ProLogis were today's noteworthy downgrades:

Citigroup downgraded shares of International Rectifier (NYSE: IRF) to Sell from Hold after checks in Asia indicated LCD TV display weakness outside Sony/Samsung and signs of slowing China consumer demand.
Morgan Stanley downgraded shares of Wolseley (OTC: WOSLY) to Underweight from Equal Weight to reflect a more negative outlook for the company's Nordic business and U.S. housing starts.
Banc of America cut ProLogis (NYSE: PLD) to Neutral from Buy on long-term growth concerns given the economic slowdown.

OTHER DOWNGRADES:

Polypore International (NYSE: PPO) was lowered to Neutral from Overweight at JP Morgan.
Symantec (NASDAQ: SYMC) was downgraded to Market Perform from outperform at Friedman Billings.
Frontier Financial (NASDAQ: FTBK) was downgraded to Underperform from Market Perform at Keefe Bruyette.

Tags: FTBK, IRF, PLD, PPO, SYMC, WOSLY

Indexes	Change	Price
DJIA	-113.56	12,776.90
NASDAQ	-20.24	2,906.99
S&P 500	-10.73	1,341.22

Last updated: February 10, 2012: 11:21 AM

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