MOST NOTEWORTHY: Ericsson (ERIC), Hiland Holdings (HPGP), AVX Corp (AVX), Tibco Software Inc (TIBX) and UPS (UPS) were some of today's notable downgrades:
- UBS downgraded shares of Ericsson (NASDAQ: ERIC) to Neutral from Buy following the company's Q1 report that showed weaker than expected operating cash flow.
- AVX Corp (NYSE: AVX) was downgraded to Underweight form Neutral at JP Morgan.
- Stifel downgraded United Parcel Service (NYSE: UPS) to Hold from Buy at Stifel, after Q1 showed a slight decline in U.S. Ground parcel volume...
OTHER DOWNGRADES:
- AG Edwards downgraded Cigna Corp (NYSE: CI) to Hold from Buy.
- Citigroup downgraded Apple (NASDAQ: AAPL) to Hold from Buy on valuation.
- LongBow Research cut LSI Corp (NYSE: LSI) to Neutral from Buy; Wedbush cut shares to Hold from Buy on their disappointing Q1 report.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
MOST NOTEWORTHY: AVX Corp (AVX), Vishay Intertechnology Inc (VSH), Buffalo Wild Wings (BWLD) and three car-rental companies were today's noteworthy downgrades: 
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