SiInternational posts
FeedPosted Mar 20th 2008 10:49AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, US Airways Group (LCC), Amgen Inc (AMGN), Contl Airlines'B' (CAL), Delta Air Lines (DAL)
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MOST NOTEWORTHY: The airline sector, Siemens and Internap were today's noteworthy downgrades:
- Lehman downgraded the airline sector to Neutral from Positive, citing higher fuel costs and the weakening economy. AirTran (NYSE: AAI) and U.S. Airways (NYSE: LCC) were downgraded to Equal Weight from Overweight. UBS said it can no longer recommend airline stocks due to weakening economy, high fuel prices, and less likely industry consolidation. The firm downgraded Continental Airlines (NYSE: CAL), Delta Air Lines (NYSE: DAL), Northwest Airlines (NYSE: NWA) and U.S. Airways to Neutral from Buy.
- Goldman removed shares of Siemens (NYSE: SI) from their Conviction Buy List as they believe the company may book additional charges of $1.2B this year.
- Jefferies cut Internap (NASDAQ: INAP) to Underperform from Buy as they believe the 10-K filing delay and revenue quality questions reduce visibility into the health of the business.
OTHER DOWNGRADES:
Posted Apr 18th 2007 11:24AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news, Yahoo! (YHOO), International Business Machines (IBM), TD AmeriTrade Holding (AMTD), Wendy's Intl (WEN)
MOST NOTEWORTHY: IBM Corp (IBM), Wendy's Internatioanl (WEN), Yahoo! (YHOO), Western Digital Corp (WDC) and TD AmeriTrade Holding Corp (AMTD) were today's noteworthy downgrades.
- IBM Corp (NYSE: IBM) was cut to Neutral from Buy at Goldman to reflect the slowdown in domestic technology spending. Credit Suisse downgraded shares of IBM Corp to Neutral from Outperform and ThinkEquity cut IBM to Accumulate from Buy on the same rationale.
- Needham downgraded Yahoo! (NASDAQ: YHOO) to Hold from Buy on valuation and the firm's belief that the 2H07 acceleration implied in consensus revenue forecasts could be difficult to exceed given the recent slowdown in display ad growth.
- WR Hambrecht downgraded shares of Western Digital (NYSE: WDC) to Hold from Buy as the firm believes there could be more downside to forward estimates given the aggressive pricing and softer demand environment. The firm sees too many industry risks following Seagate Technology's (STX) earnings conference call.
OTHER DOWNGRADES:
- Raymond James and BMO Capital downgraded U.S. Bancorp (NYSE: USB) to Market Perform from Outperform following its Q1 report.
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