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Analyst upgrades, downgrades and initiations

MOST NOTEWORTHY UPGRADES:
  • There were no notable upgrades today.
MOST NOTEWORTHY DOWNGRADES:
  • Bear Stearns downgraded MSC Industrial (NYSE:MSM) shares to Peer Perform from Outperform following yesterday's durable goods data as they believe the U.S. maintenance, repair and overhaul market could modestly slow in the near-term.
  • Citigroup downgraded shares of Golden Telecom (NASDAQ:GLDN) to Hold from Buy and lowered their target to $105, equal to the takeout offer from VimpelCom.
  • Chicago Bridge & Iron (NYSE:CBI) was downgraded to Neutral from Add at Capital One Southcoast.
MOST NOTEWORTHY INITIATIONS:

Analyst upgrades and downgrades

MOST NOTEWORTHY UPGRADES:
  • Hilliard Lyons upgraded Sypris Solutions (NASDAQ: SYPR) to Buy from Neutral on valuation, and expected improvements in the company's Industrial Group and Electronics Group.
  • TD Newcrest upgraded Quebecor World (NYSE: IQW) to Hold from Reduce, while UBS upgraded Quilmes Industrial (NYSE: LQU) to Neutral from Sell.
MOST NOTEWORTHY DOWNGRADES:
  • Respironics Inc. (NASDAQ: RESP) was downgraded to Market Perform from Outperform by BMO Capital, following the company's acquisition by Philips.
  • Think Equity downgraded Nanophase Technologies (NASDAQ: NANX) to Accumulate from Buy, citing checks that indicate sales for architectural coatings remain sluggish.
  • Golden Telecom (NASDAQ: GLDN) was lowered to Equal Weight from Overweight by Morgan Stanley.
  • First Horizon National Corp. (NYSE: FHN) was downgraded to Sell from Hold on Friday by Sandler, O'Neill & Partners.

Symbol Lookup
IndexesChangePrice
DJIA-64.5410,226.72
NASDAQ-10.722,156.18
S&P 500-7.491,091.02

Last updated: November 12, 2009: 01:50 PM

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