MOST NOTEWORTHY:

• Bear Stearns downgraded shares of ING Group (NYSE: ING) to Peer Perform from Underperform after the company's Q3 results, given continued concerns regarding the US mortgage market.
  
• Jefferies lowered its rating on Innerworkings (NASDAQ: INWK) to Hold from Buy on valuation, as they see limited upside after the in-line Q3 results.
  
• Kenexa (NASDAQ: KNXA) was downgraded to Market Underperform from Market Perform at JMP Securities. The firm downgraded shares following the disappointing Q3 report and guidance as pressure on its business is likely to continue.
  
• UBS downgraded AirTran Holdings (NYSE: AAI) to Neutral from Buy and AMR Corporation (NYSE: AMR) to Sell from Neutral. The firm cited weakening corporate demand for the downgrades.

• NICE Systems (NASDAQ: NICE) was downgraded to Neutral from Buy at Banc of America.
  
• Deutsche Bank downgraded Gol Linhas Aereas (NYSE: GOL) to Hold from Buy.
  
• Wachovia downgraded the Broker Sector to Market Weight from Overweight, also downgrading Goldman Sachs (NYSE: GS) to Market Perform from Outperform.
  
• Goldman removed Maxim (NASDAQ: MXIM) from its Conviction Buy List.

Analyst downgrades: ING, INWK, KNXA, AAI and AMR originally appeared on BloggingStocks on Thu, 08 Nov 2007 10:45:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Lehman Brothers downgraded shares of Credit Suisse Group (NYSE: CS) to Equal Weight from Overweight and shares of Deutsche Bank AG (NYSE: DB) to Underweight from Overweight to reflect potential write downs from their U.S. subprime mortgage exposure.
• ConocoPhillips (NYSE: COP) was downgraded to Market Perform from Outperform at Bernstein on valuation.
• Needham lowered shares of Finisar Corporation (NASDAQ: FNSR) to Buy from Strong Buy, as they expect pressure in FY08 as margins recover and opex remains elevated due to patent litigation.
• Cepheid Inc (NASDAQ: CPHD) was downgraded at UBS to Neutral from Buy on valuation.

• Calyon downgraded shares of Gol Linhas Aereas (NYSE: GOL) and TAM SA (NYSE: TAM) to Add from Buy.
• Goldman Sachs downgraded Altria Group Inc (NYSE: MO) to Neutral from Buy.
• Morgan Stanley downgraded NeurogesX (NASDAQ: NGSX) to Equal Weight from Overweight.
• Friedman Billings downgraded shares of Brookline Bancorp (NASDAQ: BRKL) to Market Perform from Outperform.

Analyst downgrades 9-5-07: CS, DB, COP, FNSR and CPHD originally appeared on BloggingStocks on Wed, 05 Sep 2007 11:16:00 EST. Please see our terms for use of feeds.