MOST NOTEWORTHY: General Motors (GM), Aluminum Corp of China (ACH), Greenbrier Cos (GBX) and Monsanto (MON) were today's noteworthy downgrades:
- Bear Stearns cut General Motors (NYSE: GM) to Peer Perform from Outperform based on valuation and growing fundamental headwinds.
- HSBC downgraded Aluminum Corp of China (NYSE: ACH) to Underweight from Neutral as they believe prices of lightweight metal have peaked.
- Greenbrier Cos (NYSE: GBX) was cut at Bear Stearns to Peer Perform from Outperform on valuation.
- Matrix USA downgraded Monsanto (NYSE: MON) to Buy from Strong Buy on valuation...
OTHER DOWNGRADES:
- Sandler cut Western Alliance Bancorporation (NYSE: WAL) to Hold from Buy.
- AG Edwards downgraded Hilton Hotels (NYSE: HLT) to Sell from Buy. Gabelli cut Hilton Hotels to Hold from Buy.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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