MOST NOTEWORTHY:

• Bank of America downgraded shares of E-Trade (NASDAQ: ETFC) to Sell from Neutral, as they no longer believe the value of the company's retail brokerage business can offset negative value at the bank.
  
• Sterling Bancshares (NASDAQ: SBIB) was downgraded to Neutral from Outperform at Baird on valuation.
  
• Morgan Keegan lowered its rating on Research in Motion (NASDAQ: RIMM) to Market Perform from Outperform, and believes the 8000 series upgrade cycle will likely slow and that share performance will be impacted by expectations of a slowing economy..

• UAL Corp. (NASDAQ: UAUA) and Johnson Controls (NYSE: JCI) were downgraded to Equal Weight from Overweight at Lehman.
  
• Chesapeake (NYSE: CHK) was lowered to Equal Weight from Overweight at Morgan Stanley.

Analyst downgrades: ETFC, SBIB and RIMM originally appeared on BloggingStocks on Mon, 03 Dec 2007 11:16:00 EST. Please see our terms for use of feeds.