Filed under: Analyst reports, Analyst upgrades and downgrades

MOST NOTEWORTHY: Anadigics, Crystal River Capital and Canadian Solar were today’s noteworthy downgrades:

• Oppenheimer downgraded shares of Anadigics (NASDAQ: ANAD) to Perform from Outperform on valuation following the recent run-up.
• Wachovia downgraded Crystal River Capital (NYSE: CRZ) to Market Perform from Outperform citing the uncertain near-term strategic outlook.
• Broadpoint downgraded shares of Canadian Solar (NASDAQ: CSIQ) to Buy from Strong Buy on valuation following yesterday’s rally but raised their target to $45 from $29.

OTHER DOWNGRADES:

• UBS cut Sunstone Hotel Investors (NYSE: SHO) to Neutral from Buy.
• KeyBanc downgraded Wabtec (NYSE: WAB) to Hold from Buy.
• Goldman downgraded Fiserv (NASDAQ: FISV) to Neutral from Buy.
• Suntrust downgraded Spectrum Brands (NYSE: SPC) to Neutral from Buy.

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This entry was posted on Wednesday, May 14th, 2008 at 11:22 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.