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Analyst downgrades: ACF, GCO and NWY

Posted Aug 24th 2007 11:13AM by Kevin Shult (RSS feed)

MOST NOTEWORTHY: AmeriCredit (ACF), LTX Corp (LTX) and Foot Locker (FL) were today's noteworthy downgrades:
  • Goldman cut AmeriCredit (NYSE: ACF) shares to Sell from Neutral to reflect the challenging rate and credit environment.
  • Friedman Billings has concerns about LTX Corp's (NYSE: LTX) largest customer, Texas Instruments (TXN), losing market share in the handset baseband market, which has already impacted Texas' equipment test orders from LTX. Friedman Billings cut LTX Corp to Market Perform from Outperform.
  • Foot Locker (NYSE: FL) was downgraded to Neutral from Overweight at JP Morgan, citing the disappointing Q2 results...
OTHER DOWNGRADES:
  • Genesco (NYSE: GCO) was cut to Neutral from Positive at Susquehanna.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

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