Analyst downgrades: Aerospace sector, Boeing, Aurora Oil & Gas, Syniverse

Posted Jun 25th 2008 11:43AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Boeing Co (BA)

MOST NOTEWORTHY: The Aerospace sector, Boeing, Aurora Oil & Gas and Syniverse were today's noteworthy downgrades:

Goldman downgraded the Aerospace sector to Cautious from Neutral to reflect high oil prices and the weak economy. The firm also downgraded Boeing (NYSE: BA) shares to Sell from Neutral and added the stock to their Conviction Sell List as they expect the economic weakness and high fuel prices to drive slowing orders.
Jefferies downgraded shares of Aurora Oil & Gas (AMEX: AOG) to Underperform from Hold to reflect the company's falling production, minimal cash flow through the remainder of 2008, and limited access to capital.
Baird cut Syniverse (NYSE: SVR) to Neutral from Outperform as they believe the impact from the Verizon (NYSE: VZ)-Alltel merger could be greater than investors think.

OTHER DOWNGRADES:

Arch Chemicals (NYSE: ARJ) was lowered at Oppenheimer to Perform from Outperform.
New York Community Bancorp (NYSE: NYB) was downgraded to Hold from Buy at Citigroup.
Sonic (NASDAQ: SONC) was downgraded to Equal Weight from Overweight at Stephens.

Tags: AOG, ARJ, BA, NYB, SONC, SVR, VZ

Print this

Reader Comments (Page 1 of 1)

6-25-2008 @ 4:16PM

joe fusco said...

Hey Goldamn Sacks you puke fagots as a employee of aerospace i want to thank you for downgrading Ba today just in time for our 4 yr. share value payout. I hope they lay all you pieces of crap off and put you and you over compensated CEP in the bread line.Thanks aginn Kiss my you know what.

6-25-2008 @ 5:09PM

Bill Branley said...

Something stinks, and it's not just the fish at Pike Place Market. How can a single analyst with one negative report drive down BA stock 7% in one day just before the share value payout. Who is Richard Safran at Goldman talking to? Is Boeing behind this? The union should be asking hard questions.