Filed under: Analyst upgrades and downgrades

MOST NOTEWORTHY: StatoilHydro, Portugal Telecom and STEC Inc were today’s noteworthy downgrades:

• Deutsche Bank downgraded shares of StatoilHydro (NYSE: STO) to Hold from Buy after the company cut its production forecast.
• Credit Suisse lowered its rating on Portugal Telecom (NYSE: PT) to Underperform from Outperform on competition concerns.
• B. Riley downgraded shares of STEC Inc. (NASDAQ: STEC) to Neutral from Buy on valuation, as they believe the risk/reward is neutral following the recent rally.

OTHER DOWNGRADES:

• Jefferies downgraded Red Hat (NYSE: RHT) to Hold from Buy.
• UBS downgraded Palm Inc. (NASDAQ: PALM) to Sell from Neutral.
• Deutsche Bank lowered Telekom SA (NYSE: TKG) to Hold from Buy.
• Goldman downgraded Trident Microsystems (NASDAQ: TRID) to Neutral from Buy.

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This entry was posted on Tuesday, December 11th, 2007 at 7:34 am 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.