Downgrades

Credit Suisse Downgrades Diamond Offshore (DO)

Posted on 03/17/10 at 2:30pm
Credit Suisse downgraded shares of Diamond Offshore (NYSE: DO) today from Neutral to Underperform. The firm also lowered their price target for the stock from $86 to $79. Credit Suisse reduced its 2010 EPS estimates to $8.25. On the day, DO shares are down 0.33% and are currently trading at $88.04.
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S&P downgrades Factset Research Sys. (FDS) To Buy From Strong Buy

Posted on 03/17/10 at 2:02pm
S&P downgraded Factset Research Sys. (NYSE: FDS) to Buy From Strong Buy, this morning. S&P Analyst,Z. Bokhari, lowered his opinion to Buy from Strong buy on the valuation. Factset reported earnings in the Feb-Q EPS of $0.75, vs. $0.71. That was $0.01 above his view.
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City Holding Company (CHCO) Downgraded From Buy To Hold Rating

Posted on 03/17/10 at 1:21pm
Analyst P. Carter Bundy at Stifel Nicolaus has downgraded City Holding Company (NASDAQ: CHCO) from Buy to Hold rating. The company has been downgraded solely on valuation as the recent increase in its stock price has moved it closer to the $36 price target set by Stifel Nicolaus.
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Ericsson Downgraded

Posted on 03/17/10 at 11:30am
LM Ericsson (NASDAQ: ERIC) was downgraded this morning at Bank of America/Merrill Lynch to ‘Underperform” with an $11.30 price target. The stock is currently trading $10.90, off 3.54% on the day. Ericsson made a new 52-week high of $11.33 just yesterday inciting Merrill’s price target downgrade.
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Benzinga’s Top Downgrades (FUQI, TEG, TSCO, SBNY, SHPGY)

Posted on 03/17/10 at 9:21am
Fuqi International Inc (NASDAQ: FUQI) was downgraded by Oppenheimer from “outperform” to “perform.” FUQI closed at $19 yesterday. FUQI has a 52-week trading range of $3.59-$32.68. Read more about this company here.
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Tractor Supply And Shire Downgraded

Posted on 03/17/10 at 8:10am
Tractor Supply Company (NASDAQ: TSCO) declined 1% to $59.68 in the pre-market session. Tractor Supply was downgraded today by FBR Capital to Underperform from Market Perform but the price target increased from $47 to $51. TSCO made a new 52 week high at $60.40 in the previous trading session. TSCO closed at $60.28 in the last trading session.
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Citigroup Downgrades SHPGY To Sell

Posted on 03/17/10 at 7:11am
Analysts at Citigroup downgrade Shire (NASDAQ: SHPGY) from "buy" to "sell." SHPGY’s shares closed at $67.31 yesterday. More Analyst Ratings here
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S&P Downgrade Invesco (IVZ) from Strong Buy to Buy

Posted on 03/16/10 at 6:53pm
S&P downgraded Invesco (NYSE: IVZ) from Strong Buy to Buy, in the Mar.17, edition of Outlook.
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S&P lowered Royal Caribbean (RCL) to Buy from Strong Buy

Posted on 03/16/10 at 6:21pm
S&P lowered Royal Caribbean (NYSE: RCL) to Buy from Strong Buy, in the Mar.17, edition of Outlook. However, S&P raised their price target from $28 to $30. A little after the fact, since the stock is trading at $31.00 The stock has had a nice little run recently, it’s up 20% year to date.
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Cree Downgraded At GARP Research (CREE)

Posted on 03/16/10 at 3:52pm
GARP Research downgraded shares of Cree (NASDAQ: CREE) today from Buy to Neutral. After selling off during the first half hour of trading, Cree (CREE) has rebounded to post a pretty strong day despite the downgrade. The shares have climbed 1.51% during the trading session to $70.76.
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