MOST NOTEWORTHY:

• Wachovia downgraded shares of J.B. Hunt Transport Services (NASDAQ: JBHT) to Market Perform from Outperform citing a more tempered outlook for the U.S. Intermodal market.

• QLogic Corp's (NASDAQ: QLGC) downgrade to Market Perform from Outperform at Friedman Billings was based on weaker then planned HBA and switch revenue and low gross margins on new Infiniband products that spiked up in the mix.

• Buckingham cut General Motors (NYSE: GM) to Underperform from Neutral.

• Oppenheimer downgraded Big 5 Sporting Goods (NASDAQ: BGFV) to Neutral from Buy believing current trends suggest a lagging west coast customer.

• RBC Capital Markets cut Biogen Idec Inc (NASDAQ: BIIB) to Sector Perform from Outperform citing mixed feedback at AAN that indicates longer-term safety data will be needed to drive adoption of Tysabri and lingering long-term concerns over Rituxan royalties and profit share.

• Goldman downgraded Steelcase Inc (NYSE: SCS) to sell from Neutral.

• MeadWestvaco Corp (NYSE: MWV) was downgraded to Underweight from Neutral at Prudential.

• Jefferies cut Ista Pharmaceuticals, Inc (NASDAQ: ISTA) to Underperform from Hold.

• Lazard downgraded Talbots, Inc (NYSE: TLB) to Hold from Buy.

Analyst downgrades 5-04-07: BIIB, GM, JBHT and TLB originally appeared on BloggingStocks on Fri, 04 May 2007 11:04:00 EST. Please see our terms for use of feeds.