MOST NOTEWORTHY: Genitope Corp, Discover Financial and Mine Safety Appliances were today's noteworthy downgrades:- Genitope Corp (NASDAQ: GTOP) was downgraded to Underperform from Sector Perform at RBC Capital following MyVax's failure to meet its Phase III trial endpoint.
- Calyon downgraded shares of Discover Financial (NYSE: DFS) to Neutral from Buy citing the weak macro environment.
- Soleil downgraded Mine Safety Appliances (NYSE: MSA) to Hold from Buy at Soleil on valuation..
- Morgan Stanley downgraded Vale do Rio Doce (NYSE: RIO) to Equal Weight from Overweight.
- Keefe Bruyette downgraded Popular (NASDAQ: BPOP) to Underperform from Market Perform.
- Calyon downgraded Pride International (NYSE: PDE) to Neutral from Add.
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