MOST NOTEWORTHY:

• Baird reduced estimates across the board in the process control sector due to lower expectations for North American industrial and residential construction. The firm downgraded Roper Industries (NYSE: ROP), Regal-Beloit Corp (NYSE: RBC) and Baldor Electric (NYSE: BEZ) to Neutral from Outperform and AO Smith Corporation (NYSE: AOS) to Underperform from Neutral.
• Goldman downgraded shares of R.H. Donnelley Corporation (NYSE: RHD) to Neutral from Buy after the company updated its 2007 guidance to reflect deteriorating trends in local advertising.
  
• Vonage Holdings Corp (NYSE: VG) was downgraded to Sell from Hold at Soleil due to liquidity concerns.
  
• Coca-Cola Enterprises (NYSE: CCE) was downgraded to Hold from Buy at Deutsche Bank on valuation and mixed near-term trends.
  
• Transocean Inc (NYSE: RIG) was downgraded to Hold from Buy at Gabelli. Even though the deepwater market continues to be strong, the firm is concerned regarding the continuing weakness in the jackup market as well as the limited upside potential due to the company's ships being in use through 2009.

• XM Satellite Radio Holdings (NASDAQ: XMSR) and Sirius Satellite Radio Inc (NASDAQ: SIRI) were downgraded to Neutral from Buy at UBS.
  
• Blue Nile Inc (NASDAQ: NILE) was downgraded to Neutral from Buy at Suntrust.
  
• Citigroup downgraded shares of CheckFree Corporation (NASDAQ: CKFR) to Hold from Buy.
  
• Morgan Stanley downgraded McAfee Inc (NYSE: MFE) to Underweight from Equal Weight.

Analyst downgrades: Process control sector, RHD, VG, CCE and RIG originally appeared on BloggingStocks on Wed, 19 Sep 2007 11:35:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY: C

• Suntrust downgraded CheckFree (NASDAQ: CKFR) to Neutral from Buy based on the Fiserv (FISV) acquisition.

• Colgate-Palmolive (NYSE: CL) was removed from Goldman's Conviction Buy List.

• Wal-Mart (NYSE: WMT) was cut to Neutral from Overweight at JP Morgan.

• Jefferies, RBC Capital, Piper Jaffray, Friedman Billings and Credit Suisse downgraded Thornburg Mortgage (NYSE: TMA) to Underperform based on liquidity concerns.

• Matrix cut Avery Dennison (NYSE: AVY) to Sell from Hold, and said Avery is being affected by the growing price competition in North America and Europe for self-adhesive labels and tabs...

• Merrill downgraded Westwood One (NYSE: WON) to Sell from Neutral.

• Morgan Keegan downgraded Haverty Furniture (NYSE: HVT) to Market Perform from Outperform.

• Hambrecht cut Akamai (NASDAQ: AKAM) to Hold from Buy.

• Raymond James downgraded Domtar (NYSE: UFS) to Outperform from Strong Buy.

Analyst downgrades: AKAM, AVY, CKFR, CL and WMT originally appeared on BloggingStocks on Tue, 14 Aug 2007 11:28:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• JP Morgan upgraded shares of Websence (NASDAQ: WBSN) to Overweight from Underweight ahead of the renewal period starting in the December quarter and expects this momentum to drive shares higher.

• RF Micro Devices (NASDAQ: RFMD) was raised to Buy from Hold at Citigroup, who said the Sirenza Microdevices (SMDI) deal gives the company its first real prospect for gross margin expansion in years.

• Matrix USA upgraded Fiserv (NASDAQ: FISV) to Buy from Sell, and expects the company to benefit from the Checkfree (CKFR) acquisition.

• Lehman upgraded shares of Qwest (NYSE: Q) to Overweight from Equal Weight, citing the hiring of industry veteran Ed Mueller as CEO. The firm believes the new CEO removes an overhang and could lead to a change in strategic direction and significantly increase capital spending.

• JP Morgan upgraded OSI Pharma (NASDAQ: OSIP) to Overweight from Underweight based on valuation and upcoming catalysts for Tarceva that should be seen in the next year...

• UBS upgraded Allstate (NYSE: ALL) to Neutral from Sell.

• ThinkEquity raised Hansen Medical (NASDAQ: HNSN) to Buy from Accumulate.

• Stanford upgraded Leap Wireless (NASDAQ: LEAP) to Buy from Hold.

• FTN Midwest upgraded shares of Lexmark (NYSE: LXK) to Neutral from Sell.

• Hambrecht upgraded NetGear (NASDAQ: NTGR) to Buy from Hold.

Analyst upgrades: ALL, LXK, RFMD, Q and WBSN originally appeared on BloggingStocks on Tue, 14 Aug 2007 11:12:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Cowen downgraded Wyeth (NYSE: WYE) to Neutral from Outperform based on limited long-term limited visibility.

• JP Morgan downgraded shares of Luminent Mortgage (NYSE: LUM) to Underweight from Neutral citing difficult CMO and CDO market conditions.

• JP Morgan downgraded CheckFree (NASDAQ: CKFR) to Neutral from Overweight following the company's acquisition by FiServ (FISV).

• Matrix cut shares of EOG Resources (NYSE: EOG) to Sell from Buy to reflect lower natural gas prices and increasing costs.

• Matrix believes soft demand for athletic shoes is leading to declining sales for K-Swiss (NASDAQ: KSWS), and cut shares to Sell from Buy...

• JMP Securities downgraded CapitalSource (NYSE: CSE) to Outperform from Strong Buy.

• Oppenheimer has turned negative on oil and gas names for the near-term, as they now believe the downside risk exceeds upside potential; they cut shares of Apache Corp (NYSE; APA), BP PLC (NYSE: BP), ConocoPhillips (NYSE: COP), Chevron (NYSE: CVX) and ExxonMobil (NYSE: XOM), among others, to Neutral from Buy.

Analyst downgrades: BP, COP, CVX, WYE and XOM originally appeared on BloggingStocks on Mon, 06 Aug 2007 10:42:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• JP Morgan upgraded Expedia (NASDAQ: EXPE) to Overweight from Neutral on expectations for U.S. bookings growth and margin stabilization.

• YRC Worldwide (NASDAQ: YRCW) was raised to Neutral from Underperform based on valuation.

• Fiserv (NASDAQ: FISV) was upgraded to Sector Outperformer from Sector Performer at CIBC following the CheckFree (CKFR) acquisition.

• Banc of America upgraded Citadel Broadcasting (NYSE: CDL), Cox Radio (NYSE: CXR) and Entercom Comm (NYSE: ETM) to Neutral from Sell as they believe it is time to cover short positions with the expected Q3 weakness likely priced into shares. They caution that this upgrade is not a buy signal as downside risk remains...

• Wachovia upgraded Cabela's (NYSE: CAB) and KBR Inc (NYSE: KBR) to Outperform from Market Perform.

• Baird raised Lear (NYSE: LEA) To Outperform from Neutral.

• Nokia (NYSE: NOK) was upgraded to Outperform from Neutral at Credit Suisse.

• Pacific Crest upgraded shares of eBay (NASDAQ: EBAY) to Outperform from Sector Perform.

Analyst upgrades: EBAY, EXPE, NOK and YRCW originally appeared on BloggingStocks on Fri, 03 Aug 2007 10:45:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• JP Morgan upgraded shares of Tektronix (NYSE: TEK) to Overweight from Underweight citing improving sector fundamentals.

• JP Morgan also raised GameStop (NYSE: GME) to Overweight from Neutral based on the May sales data.

• Oppenheimer upgraded PrivateBancorp (NASDAQ: PVTB) to Neutral from Sell based on valuation.

• BMO Capital raised Quebecor World (NYSE: IQW) to Market Perform from Underperform on valuation.

• CheckFree (NASDAQ: CKFR) was assumed with a Sector Outperformer from Sector Performer at CIBC citing a favorable risk/reward, solid secular underlying trends, and overblown concerns for its rating...

• Symantec Corp (NASDAQ: SYMC) was upgraded to Buy from Neutral at Goldman.

• Ingersoll-Rand Co Ltd (NYSE: IR) was raised to Outperform from Peer Perform at Bear Stearns.

• ThinkEquity upgraded shares of Jones Soda Co (NASDAQ: JSDA) to Buy from Accumulate.

• BB&T upgraded Pacific Sunwear of California (NASDAQ: PSUN) to Buy from Hold.

• Goldman added Cigna Corp (NYSE: CI) to its America's Conviction List.

Analyst upgrades 6-18-07: CI, CKFR, JSDA, PSUN and SYMC originally appeared on BloggingStocks on Mon, 18 Jun 2007 10:46:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Piper Jaffray downgraded Checkfree Corp (NASDAQ: CKFR) to Market Perform from Outperform after transferring coverage of the payment processor company.
• Sprint Nextel Corp (NYSE: S) was cut to Outperform from Strong Buy at Raymond James.
• Lehman cut the semiconductor capital equipment sector to Neutral from Positive, downgrading Cascade Microtech, Inc (NASDAQ: CSCD), Novellus Systems, Inc (NASDAQ: NVLS) and Teradyne, Inc (NYSE: TER) to Equal Weight from Overweight and cut Electroglas, Inc (NASDAQ: EGLS) to Underweight from Equal Weight.

• ThinkEquity cut Jones Soda Co (NASDAQ: JSDA) to Source of Funds from Buy based on valuation.
• Goldman is now cautious on the biofuel sector, downgrading the group to Cautious from Neutral.
• William Blair downgraded shares of Medimmune, Inc (NASDAQ: MEDI) to Market Perform from Outperform.
• Credit Suisse downgraded shares of Big 5 Sporting Goods Corp (NASDAQ: BGFV) to Underperform from Neutral citing valuation.
• Wachovia dropped Inkeepers USA Trust (NYSE: KPA) to Underperform from Outperform based on the acquisition from Apollo Investment Corp (AINV). Citigroup cut Inkeepers to Hold from Buy.

Analyst downgrades 4-17-07: CKFR, JDSA, MEDI and S all downgraded today originally appeared on BloggingStocks on Tue, 17 Apr 2007 11:01:00 EST. Please see our terms for use of feeds.

Recent Checkfree acquisitions may point to concerns regarding business originally appeared on BloggingStocks on Thu, 12 Apr 2007 14:34:00 EST. Please see our terms for use of feeds.

CheckFree's momentum appears to be picking up originally appeared on BloggingStocks on Wed, 31 Jan 2007 12:56:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY: CheckFree (CKFR) tops today's modest list of initiations.

• Checkfree Corporation (NASDAQ:CKFR) was initiated with a Market Perform and $36 target after the company delivered inline 1Q07 results. The firm doesn't expect the stock to be driven higher by multiple expansion or earnings.

OTHER INITIATIONS:

• Leap Wireless International, Inc. (NASDAQ:LEAP) was initiated with a Buy at Citigroup with a $73 target. The firm believes Leap is well positioned for growth due to its niche strategy of offering inexpensive unlimited voice in select local markets.
• Arena Pharma, Inc. (NASDAQ:ARNA) was initiated with an Overweight at Prudential and $22 target. The firm is positive on Lorcaserin's potential in the treatment of obesity and the potential for APD 125 in insomnia.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst initiations 10-25-06: CheckFree initiated with Market Perform originally appeared on BloggingStocks on Wed, 25 Oct 2006 12:24:00 EST. Please see our terms for use of feeds.