Downgrades

Benchmark lowers its rating on True Religion Apparel (NASDAQ: TRLG) to Hold from Buy and lowers its price target to $38 from $42 as Q4 falls short. BEnchmark notes, "Operating margin continues to contract as spending outpaces revenue growth. We do not believe True Religion has a revenue problem...

Citigroup lowers its rating on American Superconductor (NASDAQ: AMSC) to Neutral/High Risk from Hold/Speculative and lowers its price target to $6 from $14 as profitability for the company has no visibility until 2014 at the earliest. Citigroup says, "The wind market remains challenging (even in...

Citigroup lowers its rating on True Religion Apparel (NASDAQ: TRLG) to Neutral from Buy and lowers its price target by $5 to $37 on lower off-price sales in Korea and higher-than-expected markdowns. Citigroup comments, "TRLG reported 4Q11 EPS well below expectations due primarily to unexpectedly...

According to Collins Stewart, First Solar (NASDAQ: FSLR) is downgraded to Neutral. Collins Stewart said that FSLR announced last evening that due to a construction permit issue, the Department of Energy loan approved for its Antelope Valley Solar Ranch One (AVSR) project has not been funded. “...

According to Wedbush, AsiaInfo-Linkage (NASDAQ: ASIA) is downgraded to Neutral. Wedbush said that it expects Q4 results and Q1 guidance will likely be inline with expectations. “As we believe recent appreciation from the CITIC offer has driven shares closer to fair value, we are downgrading to...

JP Morgan reduces its rating on Taleo (NASDAQ: TLEO) to Neutral from Overweight following acquisition announcement by Oracle. It raises its price target to $46 from $38 to reflect the offer price. JP Morgan says, "Yesterday, TLEO announced it had entered into a definitive agreement to...

Goldman Sachs lowers its rating on NCR (NYSE: NCR) to Neutral from Buy on valuation, as shares reach its price target of $21. Goldman Sachs says, "We are removing NCR from the Americas Buy List principally on valuation and as the shares have reached our 12-month price target of $21. We now see a...

Stifel Nicolaus lowers its rating on Lorillard (NYSE: LO) to Hold from Buy on valuation following strong reaction in the stock price to its very robust Q4 earnings. Stifel Nicolaus says, " We continue to recommend investors own the shares and remain very confident in the fundamental outlook for...

Analysts at Robert W. Baird downgraded O'Reilly Automotive Inc (NASDAQ: ORLY) from “outperform” to “neutral.” ORLY's shares closed at $84.34 yesterday. O'Reilly Automotive's trailing-twelve-month ROE is 16.61%. Morgan Keegan downgraded O'Charley's Inc (NASDAQ: CHUX) from “outperform” to “market...

Friday, February 10, 2012 This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session. Keynes was the first to introduce the concept of a multiplier in 1929. Benzinga's Top News Alcatel-Lucent (NYSE: ALU) Reports Q4 EPS EUR0.19 vs...