MOST NOTEWORTHY:

• RBC Capital cut American Home Mortgage (NYSE: AHM) to Sector Perform from Outperform citing the deterioration in the global debt markets for the downgrade.

• Morgan Stanley downgraded shares of Biogen Idec (NASDAQ: BIIB) to Underweight from Equal Weight citing risk to Rituxan growth.

• Merriman downgraded Bebe Stores (NASDAQ: BEBE) to Neutral from Buy as they believe new fall merchandise is not performing well enough to improve sales trends.

• Robert W. Baird downgraded shares of Ingersoll-Rand (NYSE: IR) to Neutral from Outperform citing higher risk premium due to the IRS challenge and tighter credit markets that could impact the Bobcat divestiture.

• Children's Place (NASDAQ: PLCE) was cut to Neutral from Positive at Susquehanna.

• Thomas Weisel downgraded LoopNet (NASDAQ: LOOP) to Market Weight from Overweight.

• ThinkEquity cut Kyphon (NASDAQ: KYPH) to Accumulate from Buy.

• Needham downgraded QLogic (NASDAQ: QLGC) to Hold from Buy.

• JMP Securities downgraded ValueClick (NASDAQ: VCLK) to Market Perform from Outperform.

Analyst downgrades 7-30-07: AHM, BEBE, QLGC and VCLK originally appeared on BloggingStocks on Mon, 30 Jul 2007 11:45:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Limited Brands Inc (NYSE: LTD) was downgraded to Neutral from Buy at Banc of America, to Neutral from Accumulate at Buckingham, to Hold from Buy at Citigroup and to Market Perform from Outperform at Wachovia following the news of selling a majority interest in its Express brand and announcing the intent to explore strategic options for the company.

• Elsewhere, Cowen downgraded shares of Applied Materials (NASDAQ: AMAT) to Neutral from Outperform due to Q3 order guidance and limited visibility. American Technology removed Applied Materials from its Focus List.

• Williams-Sonoma (NYSE: WSM) was cut to Market Perform from Outperform at Piper Jaffray on concerns about mall traffic trends at the end of Q1 for both Pottery Barn and Williams-Sonoma brands.

• Texas Instruments (NYSE: TXN) was cut to Sector Performer from Outperformer at CIBC on valuation...

• Merriman downgraded Lam Research Corp (NASDAQ: LRCX) to Neutral from Buy.

• UBS cut Air France-KLM (NYSE: AKH) to Neutral from Buy.

• ThinkEquity downgraded Jazz Technologies, Inc (AMEX: JAZ) to Source of Funds from Buy.

• Nordstrom, Inc (NYSE: JWN) was taken down to Market Weight from Overweight at Thomas Wiesel.

• Longbow downgraded Ingersoll-Rand Co Ltd (NYSE: IR) to Neutral from Buy on valuation.

Analyst downgrades 5-16-07: AMAT, JWN, LTD, TXN and WSM originally appeared on BloggingStocks on Wed, 16 May 2007 11:29:00 EST. Please see our terms for use of feeds.