MOST NOTEWORTHY:

• Citigroup downgraded shares of Circuit City Stores NYSE: CC) to Hold from Buy and lowered their target to $17 from $26 following management's second guidance cut in one month; the firm thinks there is more bad news to come. The electronics-retailer was also downgraded to Market Perform from Outperform at Raymond James and to Neutral from Buy at Robinson Humphries. Circuit City was cut to Sell from Hold at Soleil.

• UBS downgraded six airline stocks on fuel price concerns and their belief that demand may fall as economic growth slows in the domestic market. Downgrades are as follows: AMR Corp. (NYSE: AMR), UAL Corp. (NASDAQ: UAUA) and U.S. Airways Group (NASDAQ: LCC) were downgraded to Reduce from Buy; Southwest Airlines Co (NYSE: LUV) and Continental Airlines (NYSE: CAL) were downgraded to Neutral from Buy; JetBlue Airways Corp (NASDAQ: JBLU) was downgraded to Reduce from Neutral.

• General Electric (NYSE: GE) was removed from Goldman Sachs' Americas Conviction Buy list on valuation.

• Prudential expects Sprint Nextel Corp's (NYSE: S) company-specific problems to continue and weigh on shares and downgraded the phone-giant to Underweight from Neutral.

• Banc of America downgraded shares of LSI Corp (NYSE: LSI) to Neutral from Buy.

• Buckingham cut Best Buy Co (NYSE: BBY) to Neutral from Strong Buy.

Analyst downgrades 5-01-07: AMR, BBY, CAL, CC, GE and JBLU originally appeared on BloggingStocks on Tue, 01 May 2007 11:06:00 EST. Please see our terms for use of feeds.