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MOST NOTEWORTHY: Yahoo!, Goldman Sachs and Bankrate were today's noteworthy downgrades:
  • Banc of America downgraded shares of Yahoo! (NASDAQ: YHOO) to Neutral from Buy as they believe that even if shareholders accept Microsoft's (NASDAQ: MSFT) offer, the regulatory hurdles are significant.
  • Oppenheimer downgraded shares of Goldman Sachs (NYSE: GS) to Perform from Outperform as they believe the current valuation is not sustainable in a year when the company will probably deliver results that will not be substantially better than peers.
  • Jefferies lowered its rating on Bankrate (NASDAQ: RATE) to Hold from Buy on valuation, as they believe the run-up in shares reflects expectations for strong Q4 results and guidance.
OTHER DOWNGRADES:
  • SiRF Technology (NASDAQ: SIRF) was downgraded to Hold from Buy at Jefferies, to Market Weight from Overweight at Thomas Weisel and to Perform from Outperform at Oppenheimer.
  • Goldman downgraded Posco (NYSE: PKX) to Sell from Neutral.
  • Baird downgraded Associated Bancorp (NASDAQ: ASBC) to Neutral from Buy.

Analyst downgrades: YHOO, GS and RATE originally appeared on BloggingStocks on Tue, 05 Feb 2008 10:19:00 EST. Please see our terms for use of feeds.

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