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MOST NOTEWORTHY: International Rectifier, Wolseley and ProLogis were today's noteworthy downgrades:
  • Citigroup downgraded shares of International Rectifier (NYSE: IRF) to Sell from Hold after checks in Asia indicated LCD TV display weakness outside Sony/Samsung and signs of slowing China consumer demand.
  • Morgan Stanley downgraded shares of Wolseley (OTC: WOSLY) to Underweight from Equal Weight to reflect a more negative outlook for the company's Nordic business and U.S. housing starts.
  • Banc of America cut ProLogis (NYSE: PLD) to Neutral from Buy on long-term growth concerns given the economic slowdown.
OTHER DOWNGRADES:

Analyst downgrades: IRF, WOSLY and PLD originally appeared on BloggingStocks on Fri, 20 Jun 2008 11:20:00 EST. Please see our terms for use of feeds.

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