MOST NOTEWORTHY:

• Stifel cut PetSmart Inc (NASDAQ: PETM) to Hold from Buy biting valuation.

• First Global downgraded shares of Google Inc (NASDAQ: GOOG) to Market Perform from Outperform.

• Morgan Stanley downgraded shares of Dr. Reddy's Laboratories (NYSE: RDY) to Equal-Weight from Overweight after a U.S. court ruling appeared set to block generic competition to Japanese company Eisai Co, Ltd's (ESALY) ulcer drug Aciphex.

• B. Riley downgraded shares of Optimal Group (NASDAQ: OPMR) to Neutral from Buy to reflect increasing uncertainty regarding further legal actions, which may be taken by the U.S. Attorney's office against the company...

• Friedman Billings downgraded Allied Defense Group (NYSE: ADG) to Market Perform from Outperform.

• Sandler cut Boston Private Financial Holdings Inc (NASDAQ: BPFH) to Hold from Buy.

• Raymond James downgraded both HealthSpring, Inc (NYSE: HS) and Emageon, Inc (NASDAQ: EMAG) to Market Perform from Outperform.

• Teck Cominco Ltd (NYSE: TCK) was downgraded to Sector Performer from Sector Outperformer at CIBC.

Analyst downgrades 5-14-07: GOOG, PETM and RDY originally appeared on BloggingStocks on Mon, 14 May 2007 11:03:00 EST. Please see our terms for use of feeds.