MOST NOTEWORTHY: Take-Two Interactive Software Inc (TTWO), Circuit City Stores Inc (CC) and Exxon Mobil Corp (XOM) are today's more notable downgrades:
- Both Soleil and Citigroup downgraded Take-Two Interactive Software Inc (NASDAQ: TTWO) to Sell from Hold following the company's earnings shortfall and reduced guidance.
- Piper Jaffray downgraded Circuit City Stores Inc (NYSE: CC) to Market Perform from Outperform and a $20 target, based on checks that indicate weak sales trends following Christmas.
- AG Edwards removed Exxon Mobil Corp (NYSE: XOM) from its Focus Portfolio, believing the company offers less upside potential than other companies in the energy sector...
OTHER DOWNGRADES:
- Harrah's Entertainment Inc (NYSE: HET) was cut to Neutral from Buy at Buckingham Research.
- Sasol Limited ADR (NYSE: SSL) was downgraded to Hold from Buy at Citigroup based on the persistent regulator risk.
- ThinkEquity cut Syniverse Holdings Inc (NYSE: SVR) to Source of Funds from Accumulate citing expectations for increased competition and price pressures.
- Citigroup downgraded Barr Pharmaceuticals Inc (NYSE: BRL) to Hold from buy.
- First Albany cut Shuffle Master Inc (NASDAQ: SHFL) to Neutral from Buy.
- Jefferies downgraded Omnicare Inc (NYSE: OCR) to Hold from Buy with a $44 target.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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