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Loopnet fights the commercial real estate depression

Loopnet (NASDAQ: LOOP) operates an online marketplace to allow for the purchase of commercial real estate. Of course, the industry has been in a slump for the past two years. That is, transaction volumes are low, credit markets are still frozen, vacancy rates continue to rise and asset prices remain on the down trend.

Yes, it's hard to find any silver lining.

Continue reading Loopnet fights the commercial real estate depression

Analyst downgrades 7-30-07: AHM, BEBE, QLGC and VCLK

MOST NOTEWORTHY: American Home Mortgage (AHM), Biogen Idec (BIIB), Bebe Stores (BEBE), Ingersoll-Rand (IR) and SK Telecom (SKM) were today's more noteworthy downgrades:
  • RBC Capital cut American Home Mortgage (NYSE: AHM) to Sector Perform from Outperform citing the deterioration in the global debt markets for the downgrade.
  • Morgan Stanley downgraded shares of Biogen Idec (NASDAQ: BIIB) to Underweight from Equal Weight citing risk to Rituxan growth.
  • Merriman downgraded Bebe Stores (NASDAQ: BEBE) to Neutral from Buy as they believe new fall merchandise is not performing well enough to improve sales trends.
  • Robert W. Baird downgraded shares of Ingersoll-Rand (NYSE: IR) to Neutral from Outperform citing higher risk premium due to the IRS challenge and tighter credit markets that could impact the Bobcat divestiture.
OTHER DOWNGRADES:
  • Thomas Weisel downgraded LoopNet (NASDAQ: LOOP) to Market Weight from Overweight.
  • ThinkEquity cut Kyphon (NASDAQ: KYPH) to Accumulate from Buy.
  • Needham downgraded QLogic (NASDAQ: QLGC) to Hold from Buy.
  • JMP Securities downgraded ValueClick (NASDAQ: VCLK) to Market Perform from Outperform.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required)

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Last updated: February 13, 2012: 06:08 PM

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