Analyst downgrades: EBAY, WFC and ASML

MOST NOTEWORTHY: eBay (EBAY), Wells Fargo (WFC) and ASML Holdings (ASML) were today's noteworthy downgrades:

Thomas Weisel downgraded shares of eBay (NASDAQ:EBAY) following the company's Q2 results, as they did not see an improvement in the underlying fundamentals. Goldman lowered eBay to Neutral from Buy and cut its target to $30 from $38.
UBS downgraded Wells Fargo (NYSE:WFC) to Neutral from Buy citing valuation and reduced capital flexibility.
Merrill downgraded shares of ASML Holdings (NASDAQ:ASML) to Underperform from Neutral as they believe the company's demand slowdown could carry into next year.

OTHER DOWNGRADES:

Starbucks (NASDAQ:SBUX) was cut to Neutral from Buy at Piper.
Wachovia downgraded Ashford Hospitality Trust (NYSE:AHT) and Strategic Hotels & Resorts (NYSE:BEE) to Underperform from Market Perform.
AMB Property (NYSE:AMB) was lowered at JP Morgan to Neutral from Overweight.

Tags: AHT, AMB, analyst downgrades, AnalystDowngrades, BEE, EBAY, ESML, inthenews, SBUX, WFC

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