Benzinga's Top Downgrades (MT, MEE, YGE, SPP)
ArcelorMittal (NYSE: MT) was downgraded by UBS from "buy" to "neutral." MT's shares closed at $34.23 on Friday. ArcelorMittal's 52-week trading range is $26.12-$48.55.
Massey Energy Company (NYSE: MEE) was downgraded by FBR Capital from "outperform" to "market perform." MEE's stock closed at $49.01 on Friday. Massey Energy's 52-week trading range is $25.80-$54.59.
Citigroup downgraded Yingli Green Energy Holding Co Ltd (NYSE: YGE) from "hold" to "sell." YGE's shares closed at $11.14 on Friday. Yingli Green Energy's 52-week trading range is $8.31-$19.11.
Sappi Limited (NYSE: SPP) was downgraded by Credit Suisse from "neutral" to “underperform." SPP's shares closed at $5.47 on Friday. Sappi's 52-week trading range is $3.27-$5.95.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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