Filed under: Analyst reports, Analyst upgrades and downgrades, Ford Motor (F)

MOST NOTEWORTHY: Ford, DealerTrack and Omnicare were today’s noteworthy downgrades:

• Citigroup downgraded shares of Ford (NYSE: F) to Sell from Hold, as they see a number of rising headwinds in the company’s turnaround, including a low likelihood of Ford’s relatively older product lineup holding U.S. share in the first half of 2008.
• Lehman downgraded DealerTrack (NASDAQ: TRAK) to Equal Weight from Overweight citing near-term headwinds from economic uncertainty, declining auto sales, declining growth, and non-prime transaction risk.
• Oppenheimer downgraded shares of Omnicare (NYSE: OCR) to Perform from Outperform to reflect concerns over the timing and pace of a potential recovery.

OTHER DOWNGRADES:

• Banco Bilbao Vizcaya Argentaria (NYSE: BBV) was lowered to Hold from Buy at Deutsche Bank.
• Mediaset SpA (OTC: MDIUY) was downgraded to Sell from Neutral at UBS.
• Western Digital (NYSE: WDC) was cut to Underweight from Neutral at JP Morgan.

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This entry was posted on Monday, March 3rd, 2008 at 7:35 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.