Filed under: Analyst upgrades and downgrades, Chesapeake Energy (CHK), Research in Motion (RIMM), UAL Corp (UAUA), Johnson Controls (JCI)

MOST NOTEWORTHY: E-Trade, Sterling Bancshares and Research in Motion and were today’s noteworthy downgrades:

• Bank of America downgraded shares of E-Trade (NASDAQ: ETFC) to Sell from Neutral, as they no longer believe the value of the company’s retail brokerage business can offset negative value at the bank.
• Sterling Bancshares (NASDAQ: SBIB) was downgraded to Neutral from Outperform at Baird on valuation.
• Morgan Keegan lowered its rating on Research in Motion (NASDAQ: RIMM) to Market Perform from Outperform, and believes the 8000 series upgrade cycle will likely slow and that share performance will be impacted by expectations of a slowing economy..

OTHER DOWNGRADES:

• UAL Corp. (NASDAQ: UAUA) and Johnson Controls (NYSE: JCI) were downgraded to Equal Weight from Overweight at Lehman.
• Chesapeake (NYSE: CHK) was lowered to Equal Weight from Overweight at Morgan Stanley.

Permalink | Email this | Comments

Share This

This entry was posted on Monday, December 3rd, 2007 at 6:02 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.