MOST NOTEWORTHY: Vonage Holdings Corp (VG), General Maritime Corp (GMR), Newmont Mining Corp (NEM) and Edison International (EIX) were some of today's notable downgrades:
- Citigroup cut Vonage Holdings Corp (NYSE: VG) to Sell from Hold on patent litigation concerns as the firm believes the risk to profitability has increased.
OTHER DOWNGRADES:
- Deutsche Bank cut Volvo (NASDAQ: VOLV) to Sell from Hold. Friedman, Billings, Ramsey downgraded shares of SafeNet, Inc (SFNT) based on the Vector acquisition.
- CIBC downgraded Agnico-Eagle Mines Ltd (NYSE: AEM) to Sector Perform from Outperform on valuation as the firm expects an upcoming downward correction due to lower zinc prices.
- Ryan Beck cut Fulton Financial Corp (NASDAQ: FULT) to Market Perform from Outperform with a $16 target; SunTrust Robinson downgraded shares to Neutral from Buy due to the early payment defaults.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
Why is gold making a new high, trading at $1,118.00 per ounce?
Chasing Value: Ten stocks for 2010 -- Part 1 
Closing Bell: A six-day rally (AIG, REGN, M, MOT, PALM, RIMM)
