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Analyst downgrades 5-25-07: APA, BHP, TIF and RTP

Posted May 25th 2007 11:14AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Bad News, Tiffany and Co (TIF), BHP Billiton Ltd ADR (BHP), Rio Tinto plc ADS (RIO)

MOST NOTEWORTHY: Christopher & Banks Corp (CBK), Tiffany & Co (TIF), Sterling Financial Corp (SLFI), and Komag, Inc (KOMG) were today's most noteworthy downgrades:

Matrix believes lower selling prices and volumes are negatively affecting Christopher & Banks' (NYSE: CBK) margins and downgraded to Sell from Hold.

Tiffany & Co (NYSE: TIF) was cut to Neutral from Overweight at HSBC based on valuation.

Suntrust downgraded shares of Sterling Financial (NASDAQ: SLFI) to Reduce from Neutral given the charge from an ongoing investigation into the irregularities discovered with certain financing contracts of affiliate Equipment Finance LLC.

Komag (NASDAQ: KOMG) was cut to Hold from Strong Buy at Needham after the company pre-announced lower-than-expected second quarter results. Bear Stearns downgraded shares of Komag to Peer Perform from Outperform...

OTHER DOWNGRADES:

First Albany downgraded Iomai Corp (NASDAQ: IOMI) to Neutral from Buy.

Calyon cut Apache Corp (NYSE: APA) to Add from Buy.

Morgan Joseph downgraded Stein Mart, Inc (NASDAQ: SMRT) to Hold from Buy.

Societe General cut BHP Billiton (NYSE: BHP) to Hold from Buy and Rio Tinto (NYSE: RTP) to Sell from Hold.

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

Analyst downgrades 3-30-07: Ameristar Casinos, Paychex & Earthlink downgraded today

Posted Mar 30th 2007 11:19AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Bad News

MOST NOTEWORTHY: Insituform Technologies, Inc (INSU), Ameristar Casinos, Inc (ASCA) and Christopher & Banks Corp (CBK) were some of today's more noteworthy downgrades:

Canaccord Adams downgraded shares of Insituform Technologies (NASDAQ: INSU) to Underweight from Neutral following the company's reduced outlook and announcement to exit the tunneling business.

Prudential downgraded shares of Ameristar Casinos (NASDAQ: ASCA) to Underweight from Neutral on valuation following the recent run-up due to speculation the company will be sold; based on management statements, Prudential believes a company sale is unlikely.

Buckingham cut Christopher & Banks (NYSE: CBK) to Underperform from Neutral.

OTHER DOWNGRADES:

ABN AMRO downgraded shares of British Airways plc (NYSE: BAB) to Sell from Hold as the firm believes profits on trans-Atlantic routes may drop from increased competition due to the "open skies" agreement between the European Union and the U.S.