Filed under: Analyst upgrades and downgrades, Analyst initiations

MOST NOTEWORTHY UPGRADES:

• There were no notable upgrades today.

MOST NOTEWORTHY DOWNGRADES:

• Bear Stearns downgraded MSC Industrial (NYSE:MSM) shares to Peer Perform from Outperform following yesterday’s durable goods data as they believe the U.S. maintenance, repair and overhaul market could modestly slow in the near-term.
• Citigroup downgraded shares of Golden Telecom (NASDAQ:GLDN) to Hold from Buy and lowered their target to $105, equal to the takeout offer from VimpelCom.
• Chicago Bridge & Iron (NYSE:CBI) was downgraded to Neutral from Add at Capital One Southcoast.

MOST NOTEWORTHY INITIATIONS:

• Lehman Brothers initiated El Paso Pipeline (NYSE:EPB) with an Overweight.
• Alliant Techsystems NYSE:ATK) was initiated with a Neutral at Cowen, which said expectations for ATK are high.

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This entry was posted on Friday, December 28th, 2007 at 3:03 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.