Filed under: Analyst upgrades and downgrades, Boeing Co (BA), Wachovia Corp (WB), US Airways Group (LCC), AMR Corp (AMR)

MOST NOTEWORTHY: The airline sector, Boeing and UBS were today’s noteworthy downgrades:

• Morgan Stanley downgraded the airlines sector to Cautious from Attractive citing higher fuel prices and the weakening economy. The firm lowered AMR Corp (NYSE: AMR) to Underweight from Equal Weight and Northwest Airlines (NYSE: NWA) and US Airways Group (NYSE: LCC) to Equal Weight from Overweight.
• Morgan Stanley also downgraded Boeing (NYSE: BA) to Equal Weight from Overweight and has concerns that the 787 will not be retired as early as they previous believed.
• Lehman downgraded shares of UBS (NYSE: UBS) to Underweight from Equal Weight following the company’s $10B write-down and capital injection from Singapore, which they point out will dilute existing shareholders.

OTHER DOWNGRADES:

• Credit Suisse lowered SAP AG (NYSE: SAP) to Underperform from Outperform.
• Goldman downgraded MGIC Investment (NYSE: MTG) to Sell from Neutral.
• Merrill downgraded Wachovia (NYSE: WB) to Sell from Neutral.

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This entry was posted on Wednesday, December 12th, 2007 at 4:28 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.