Market Overview

Benzinga's Morning Downgrade Summary for June 4, 2012

Related SCHW
E*TRADE Financial (ETFC) August DARTs Descend 5% Q/Q
Stocks Hitting 52-Week Highs
Aging Population Could be Bullish for Asset Managers (Fox Business)

Listed below are today's Top Downgrades covered by Benzinga:

Citigroup Downgrades Charles Schwab (NYSE: SCHW) to Neutral:

Citigroup comments, "We downgrade AMTD from Buy to Neutral, lower EPS estimates and sharply cut 12-month price targets as interest rate and retail trading re-engagement risks re-ignite, which increasingly call into question: a) near term EPS power; and, b) timing of more normalized EPS."

Citigroup Downgrades TD Ameritrade (NYSE: AMTD) to Neutral:

Citigroup comments, "We downgrade AMTD from Buy to Neutral, lower EPS estimates and sharply cut 12-month price targets as interest rate and retail trading re-engagement risks re-ignite, which increasingly call into question: a) near term EPS power; and, b) timing of more normalized EPS."

Credit Suisse Downgrades China Ming Yang (NYSE: MY) to Underperform:

Credit Suisse notes, "We believe WTG ASP has seen its bottom and should remain stable going forward. We do not see changing of industry dynamics for ASP trend up, however. We revise down our 2012/13 EPS forecast to -US$0.25 and –US$0.24 respectively, to reflect lower sales volume (to 1.915/1.446 GW from 1.942/1.869 GW) in 2012/13. We revise our target price to US$0.9 based on 1x net cash. We downgrade the stock to UNDERPERFORM. We are also concerned on the company's delay in both annual and first quarter filings."

All of Benzinga's Downgrade coverage can be viewed here.

Latest Ratings for SCHW

DateFirmActionFromTo
Sep 2014Deutsche BankMaintainsBuy
Aug 2014Deutsche BankInitiates Coverage onBuy
Jul 2014CitigroupMaintainsNeutral

View More Analyst Ratings for SCHW
View the Latest Analyst Ratings

Posted-In: Citigroup Credit SuisseAnalyst Color Downgrades Analyst Ratings Best of Benzinga

 

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