Merrill Lynch downgraded Credit Suisse (NYSE:CS) to Underpeform from Neutral, according to MarketWatch.

Deutsche Bank downgraded China Netcom (NYSE:CN) to Hold from Buy, according to Briefing.com. The news services also reports that Citigroup downgraded McDermott (NYSE:MDR) to Hold from Buy.

Citigroup (NYSE:C) was cut to Underperform from Neutral at Merrill Lynch, according to 24/7 Wall St. The financial website also reports that Goldman Sachs (NYSE:GS) was cut to Underperform from Buy at Merrill Lynch.

Douglas A. McIntyre