MOST NOTEWORTHY: Nvidia, Air France and UnitedHealth were today's noteworthy downgrades:
- JP Morgan downgraded Nvidia (NASDAQ:NVDA) to Neutral from Overweight following the company's lowered guidance.
- Deutsche Bank cut Air France (Other OTC:AFLYY) to Sell from Hold as they believe consensus revenue estimates need to come down.
- Following UnitedHealth's (NYSE:UNH) lowered guidance, UBS said there is "little hope" for improvement in 2009 and that the company has above average exposure to the Medicare segment, which is being politically pressured. UBS downgraded shares to Neutral from Buy.
OTHER DOWNGRADES:
- Aetna (NYSE:AET) and Health Net (NYSE:HNT) were downgraded to Sell from Neutral at Goldman.
- Dice Holdings (NYSE:DHX) was lowered at Wachovia to Market Perform from Outperform.
- Zhone (NASDAQ:ZHNE) was downgraded to Source of Funds from Buy at ThinkPanmure.
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