MOST NOTEWORTHY:

• Sunpower Corp (NASDAQ: SPWR) was downgraded to Buy from Strong Buy at Needham and to Neutral from Buy at Merrill Lynch, both based on valuation.

• U.S. Steel Group (NYSE: X) was downgraded to Neutral from Outperform at Credit Suisse on valuation.

• Sysco Corp (NYSE: SYY), Safeway Inc (NYSE: SWY), Performance Food Group (NASDAQ: PFGC) and Kroger (NYSE: KR) were downgraded to Hold from Buy at BB&T Capital. The firm expects higher food cost inflation to impact near-term real sales growth and margins industry-wide...

• Merrill Lynch downgraded shares of Huntington Bancshares (NASDAQ: HBAN) to Sell from Neutral following the company's Q2 report.

• Hershey (NYSE: HSY) was downgraded to Peer Perform from Outperform at Bear Stearns.

• Matrix downgraded shares of Park Electrochemical (NYSE: PKE) to Buy from Strong Buy and shares of Canadian National (NYSE: CNI) to Hold from Buy.

• Lehman Brothers downgraded shares of Williams Scotsman (NASDAQ: WLSC) to Equal Weight from Overweight.

Analyst downgrades 7-20-07: HSY, KR, SWY and X originally appeared on BloggingStocks on Fri, 20 Jul 2007 11:14:00 EST. Please see our terms for use of feeds.