Filed under: Analyst reports, Analyst upgrades and downgrades

MOST NOTEWORTHY: RF Micro Devices, Western Digital and Boyd Gaming were today’s noteworthy downgrades:

• Jefferies downgraded shares of RF Micro Devices (NASDAQ: RFMD) to Hold from Buy to reflect the continued softness in the China Market after Asian channel checks suggested the March quarter will be weak.
• Citigroup downgraded shares of Western Digital (NYSE: WDC) to Hold from Buy, as they believe the HDD industry is nearing a cyclical peak. They also view the likelihood of consolidation as less likely given the current conditions.
• Boyd Gaming (NYSE: BYD) was lowered to Neutral from Add at Calyon following its Q4 report.

OTHER DOWNGRADES:

• JP Morgan downgraded BorgWarner (NYSE: BWA), Lea Corporation (NYSE: LEA) and TRW Automotive Holdings (NYSE: TRW) to Neutral from Overweight.
• Merrill lowered Edison International (NYSE: EIX) to Neutral from Buy.

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This entry was posted on Friday, February 29th, 2008 at 12:56 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.