MOST NOTEWORTHY:

• Citigroup downgraded shares of Cadbury Schweppes (NYSE: CSG) to Hold from Buy as they see limited upside now that the company is close to divesting its beverage division.

• Adobe (NASDAQ: ADBE) was cut to Neutral from Buy at Goldman and was removed from the Americas Buy List as they do not believe revenue growth will significantly top 17% this year and may not meet investors high expectations.

• Soleil downgraded shares of Verizon Communications (NYSE: VZ) to Sell from Hold on valuation as they think the stock is trading near the high end of a reasonable trading range. They believe shares are due for a 10%-15% correction.

• Merrill expects carbon steel prices to come under pressure in Q3, sending Arcelor-Mittal (NYSE: MT) shares to Neutral from Buy...

• Lehman cut Human Genome Sciences (NASDAQ: HGSI), Millennium Pharmaceuticals (NASDAQ: MLNM) and Biogen Idec Inc (NASDAQ: BIIB) to Equal Weight from Overweight.

• Stifel cut U.S. Xpress Enterprises (NASDAQ: XPRSA) to Hold from Buy.

• Calyon downgraded SkyWest, Inc (NASDAQ: SKYW) to Neutral from Buy.

Analyst downgrades 6-26-07: ADBE, BIIB, CSG and VZ originally appeared on BloggingStocks on Tue, 26 Jun 2007 10:35:00 EST. Please see our terms for use of feeds.