Analyst downgrades: BJ, AMG and YHOO
Posted Jun 24th 2008 12:12PM by Eric Buscemi
Filed under: Analyst Upgrades and Downgrades, Yahoo! (YHOO), United Parcel'B' (UPS)
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MOST NOTEWORTHY: BJ's Wholesale, Affiliated Managers and Yahoo! were today's noteworthy downgrades:
- Citigroup downgraded shares of BJ's Wholesale (NYSE: BJ) to Hold from Buy on valuation and views a takeout as less likely given the current credit market conditions.
- Wachovia downgraded shares of Affiliated Managers (NYSE: AMG) to Market Perform from Outperform as they believe credit quality concerns and record commodity prices will hinder the company's recovery in equity flows.
- Thomas Weisel downgraded Yahoo! (NASDAQ: YHOO) to Underweight from Market Weight based on visibility into fundamentals and another potential reorganization that will likely be met with skepticism.
OTHER DOWNGRADES:
Tags: amg, bj, crl, sai, twti, ups, yhoo
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