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MOST NOTEWORTHY: WCI Communications Inc (WCI) and L-1 Identity Solutions Inc (ID) topped today's list of downgrades:
  • JMP Securities downgraded shares of WCI Communications Inc (NYSE: WCI) to Underperform from Market Perform to reflect the negative Q4 pre-announcement and lower-than-expected traditional home net orders.
  • L-1 Identity Solutions Inc (NYSE: ID) was downgraded to Sell from Neutral at Oppenheimer, noting that the Transportation Security Administration is prepared to award the Transportation Worker Identification Card contract to Lockheed instead of L-1.

OTHER DOWNGRADES:
  • General Dynamics Corp (NYSE: GD) was downgraded to Hold from Buy by AG Edwards, citing valuation.
  • Matrix USA downgraded Microtune Inc (NASDAQ: TUNE) to Strong Sell from Sell on valuation.
  • Convergys Corp (NYSE: CVG) was downgraded to Sell from Hold, with a $22 target, based on valuation.
  • BancFirst Corp (NASDAQ: BANF) was downgraded to Underperform from Market Perform, with a $45 target, at Keefe Bruyette following the disappointing Q4 report.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst downgrades 1-25-07: L-1 Identity could lose contract, gets downgraded originally appeared on BloggingStocks on Thu, 25 Jan 2007 11:34:00 EST. Please see our terms for use of feeds.

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