Performance Food Group Posts -- BloggingStocks

Performance Food Group posts

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

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

Deutsche Bank downgraded shares of Momenta Pharmaceuticals Inc (NASDAQ: MNTA) to Hold from Buy and lowered their target to $6 following the FDA's non-approvable letter for M-Enox.
Banc of America downgraded shares of The Interpublic Group of Companies Inc (NYSE: IPG) to Neutral from Buy to reflect the economic uncertainty and concerns regarding the company's relative revenue growth.
Lionbridge Technologies Inc (NASDAQ: LIOX) was downgraded to Sell from Neutral at Goldman Sachs following disappointing Q3 results and guidance.
Credit Suisse downgraded PetroChina Company Limited (NYSE: PTR) to Underperform from Neutral based on lack of catalysts.
Jefferies lowered its rating on Collagenex Pharmaceuticals Inc (NASDAQ: CGPI) to Hold from Buy to reflect a lack of near-term catalysts given the company's thin pipeline.

OTHER DOWNGRADES:

JP Morgan removed Cognizant Technology Solutions Corporation (NASDAQ: CTSH) from its Focus List and downgraded Performance Food Group Company (NASDAQ: PFGC) to Underweight from Overweight.
Friedman Billings downgraded Charlotte Russe Holding Inc (NASDAQ: CHIC) to Market Perform from Outperform.
Jefferies downgraded Forest Oil Corporation (NYSE: FST) to Hold from Buy.

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:

Citigroup upgraded shares of The Allstate Corporation (NYSE: ALL) to Buy from Hold.
UBS upgraded UnitedHealth Group Incorporated (NYSE: UNH) and Northrop Grumman Corporation (NYSE: NOC) to Buy from Neutral.
Wachovia raised Performance Food Group Company (NASDAQ: PFGC) to Outperform from Market Perform.

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1	Joseph Lazzaro	114
2	Tom Johansmeyer	107
3	Steven Mallas	51
4	Connie Madon	48
5	Tom Taulli	47
6	Steven Halpern	37
7	Trey Thoelcke	36
8	Mark Fightmaster	35
9	Paul Foster	24
10	Brian White	24
11	Zac Bissonnette	23
12	Brent Archer	22
13	Jon Ogg	22
14	Melly Alazraki	21
15	Jim Cramer	21
16	Eric Buscemi	17
17	Michael Fowlkes	15
18	Michael Shulman	13
19	Sam Collins	11
20	Elizabeth Harrow	11

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