MOST NOTEWORTHY: dELiA's Inc. (DLIA), Hearst-Argyle TV (HTV) and Safeway (SWY) were today's noteworthy downgrades:
- Friedman Billings downgraded dELiA's Inc (NASDAQ: DLIA) to Market Perform from Outperform citing the difficult near-term environment.
- Deutsche Bank would use Hearst-Argyle TV's (NYSE: HTV) tender offer for the remaining shares of HTV at $23.50 as an opportunity to sell shares and cut the stock to Hold from Buy.
- Merrill cut Safeway (NYSE: SWY) shares to Sell from Neutral citing the slowing California economy and the potential threat from Wal-Mart (NYSE: WMT) entering the California market with its new Tesco (OTC: TSCDY) format...
OTHER DOWNGRADES:
- Vimicro (NASDAQ: VIMC) was cut to Underweight from Equal Weight at Morgan Stanley.
- Citigroup downgraded Samsung to Hold and Hynix Semiconductor to Sell.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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