MOST NOTEWORTHY: Dendreon Corp (DNDN), Whole Foods Market, Inc (WFMI), Rio Tinto plc (RTP), El Paso Corp (EP), and Oplink Communications, Inc (OPLK) were today's more notable downgrades:
- Banc of America downgraded shares of Dendreon Corp (NASDAQ: DNDN) to Sell from Neutral following the FDA's request for additional clinical data for Provenge.
- BMO Capital downgraded Rio Tinto plc (NYSE: RTP) to Underperform from Market Perform based on valuation.
- El Paso Corp (NYSE: EP) was cut to Sell from Buy at Matrix after the company's weak operating performance.
- Merriman downgraded shares of Oplink Communications (NASDAQ: OPLK) to Sell from Neutral based on concerns over the OCP acquisitions and inventory...
OTHER DOWNGRADES:
- Credit Suisse downgraded shares of RadioShack Corp (NYSE: RSH) to Neutral from Outperform.
- Piper Jaffray downgraded shares of Cache, Inc (NASDAQ: CACH) to Market Perform from Outperform.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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