MOST NOTEWORTHY: The more noteworthy downgrades today included eFunds Corp (EFD), Halliburton Co (HAL), Coventry Health Care, Inc (CVH), Fording Canadian Coal Trust (FDG) and US Steel Corp (X):
- Citigroup downgraded shares of eFunds Corp (NYSE: EFD) to Sell from Hold to reflect an unfavorable risk/reward as they see little upside if the company sells itself and significant downside due to recent operational issues if the company is not sold.
- Bear Stearns cut Coventry Health (NYSE: CVH) to Peer Perform from Outperform based on valuation.
- UBS cut US Steel Group (NYSE: X) to Reduce from Neutral based on valuation.
OTHER DOWNGRADES:
- Matrix cut CBRL Group (NASDAQ: CBRL) to Sell from Hold.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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