Benzinga’s Top Downgrades (STP, STJ, GPC, PARD)
January 25, 2010 10:30 AM
Suntech Power Holdings Co., Ltd. (ADR) (NYSE: STP) gained 1.77% to $13.25 despite being downgraded by Broadpoint AmTech Research to Sell from Neutral at a price target of $10. The 52-week trading range for STP is $5.09 - $21.38. Suntech Power Holdings closed at $13.02 in the previous trading session.
St. Jude Medical, Inc. (NYSE: STJ) fell 0.50% to $37.84. St. Jude Medical was downgraded by Argus to Hold from Buy. In the last year, STJ has gained over 20%. The 52-week trading range for STJ is $30.09 - $41.96.
Genuine Parts Company (NYSE: GPC) decreased 1.26% to $37.63 after being downgraded by FBR Capital to Underperform from Market Perform and the price target set to $35. In the last six months, Genuine Parts Company has gained 8%. Genuine Parts closed at $38.11 in the previous trading session. The 52-week trading range for GPC is $24.93 - $39.75.
Poniard Pharmaceuticals, Inc. (NASDAQ: PARD) moved down 15.71% to $2.20 after Poniard Pharmaceuticals was downgraded by Canaccord Adams to Sell from Hold and the price target reduced from $2.50 to $1. The 52-week trading range for PARD is $1.50 - $9.14. In the last six months, PARD has declined over 64%.
