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Analyst downgrades: MNTA, IPG, LIOX, PTR and CGPI

MOST NOTEWORTHY: Momenta Pharmaceuticals, Interpublic Group, Lionbridge, PetroChina and Collagenex were today's noteworthy downgrades:
OTHER DOWNGRADES:

Analyst upgrades: UBS, CRZBY, TRMA, OPMR and MCCC

MOST NOTEWORTHY: UBS AG, Commerzbank , Trico Marine Services, Optimal Group and Mediacom were today's noteworthy upgrades:
  • JP Morgan upgraded shares of UBS AG (NYSE: UBS) to Overweight from Neutral on valuation, as they believe the risk/reward is now attractive.
  • Commerzbank AG (OTC: CRZBY) was upgraded to Equal Weight from Underweight at Morgan Stanley, as they believe the company has eliminated much of the uncertainty on asset quality.
  • Jefferies upgraded shares of Trico Marine Services Inc (NASDAQ: TRMA) to Buy from Hold and raised their target to $46 from $40 to reflect the growth potential brought on by the company's purchase of Active Subsea ASA.
  • B. Riley raised its rating on Optimal Group Inc (NASDAQ: OPMR) to Buy from Neutral to reflect the company's proven management team, acquisition of WowWee and strong balance sheet.
  • Citigroup upgraded shares of Mediacom Communications Corporation (NASDAQ: MCCC) to Buy from Hold on valuation following the recent pullback, as they now think the stock is oversold. Citigroup thinks Mediacom will generate free cash in 2008 and they like the pace of buybacks.
OTHER UPGRADES:

Analyst downgrades 7-20-07: HSY, KR, SWY and X

MOST NOTEWORTHY: Sunpower (SPWR), U.S. Steel Group (X), Sysco Corp (SYY), Safeway (SWY), Performance Food Group (PFGC) and Kroger (KR) were today's noteworthy downgrades:
  • Sunpower Corp (NASDAQ: SPWR) was downgraded to Buy from Strong Buy at Needham and to Neutral from Buy at Merrill Lynch, both based on valuation.
  • U.S. Steel Group (NYSE: X) was downgraded to Neutral from Outperform at Credit Suisse on valuation.
OTHER DOWNGRADES:
  • Hershey (NYSE: HSY) was downgraded to Peer Perform from Outperform at Bear Stearns.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Symbol Lookup
IndexesChangePrice
DJIA-0.3010,226.64
NASDAQ-6.332,147.73
S&P 500-1.641,091.44

Last updated: November 10, 2009: 02:35 PM

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