Analysts Downgrades – Q, SOLF, STJ, UAM, ZION, PNFP
The following stocks have recently had their ratings downgraded by stock analysts.
Qwest (Q)Argus has downgraded Qwest’s rating
from: Buy – to – Sell. Qwest Communications International, Inc. provides local telecommunications and related services, long-distance services and wireless, data and video services withinin its local service area.
Solarfun Power (SOLF)Collins Stewart has downgraded Solarfun Power’s rating
from: Buy – to – Hold
Target Price: $8.90 . Solarfun Power Holdings Co., Ltd. manufactures a number of silicon ingots, PV cells and PV modules using advanced manufacturing process technologies.
St. Jude Medical (STJ)RBC Capital Mkts has downgraded St. Jude Medical’s rating
from: Outperform – to – Sector Perform
Target Price: $44.00 . St. Jude Medical, Inc.develops, manufactures and distributes cardiovascular medical devices for the cardiac rhythm management, cardiology & cardiac surgery & atrial fibrillation therapy areas and neurostimulation devices.
Universal American Corp (UAM)Wedbush has downgraded Universal American Corp’s rating
from: Outperform – to – Neutral
Target Price: $17.00 . A specialty health and life insurance holding company, which provides an array of health insurance and managed care products and services to the growing senior population.
Zions Bancorp (ZION)Jefferies has downgraded Zions Bancorp’s rating
from: Buy – to – Hold
Target Price: $26.00 . Zions Bancorporation provides a full range of banking and related services through its banking and other subsidiaries, mainly in Utah, California, Texas, Arizona, Nevada, Colorado, Idaho, Washington and Oregon.
Pinnacle Finl (PNFP)Wunderlich has downgraded Pinnacle Finl’s rating
from: Buy – to – Hold
Target Price: $14.00 . Pinnacle Financial Partners, Inc. through its wholly-owned subsidiary, Pinnacle National Bank provides a range of banking services in its main market areas of the Nashville-Davidson-Rutherford-Franklin, Tennessee and Knoxville.
Legg Mason (LM)FBR Capital has downgraded Legg Mason’s rating
from: Mkt Perform – to – Underperform
Target Price: $35.00 . Legg Mason, Inc. is a global asset management company. Acting through its subsidiaries, it provides investment management and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles.
Assoc Banc-Corp (ASBC)Jefferies has downgraded Assoc Banc-Corp’s rating
from: Buy – to – Hold
Target Price: $16.00 . Associated Banc-Corp is a bank holding company, which through its network of bank and nonbank subsidiaries, provides banking and related financial services to individual and corporate customers.
Avon Products (AVP)UBS has downgraded Avon Products’s rating
from: Buy – to – Neutral
Target Price: $32.00 . Avon Products is a global manufacturer and marketer of beauty and related products. Its product categories are Beauty, Fashion and Home.
Boeing (BA)Argus has downgraded Boeing’s rating
from: Buy – to – Hold. Boeing Company operates as an aerospace firm. It is engaged in the design, development, manufacture, sale and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight services etc.
China Integrated Energy (CBEH)Oppenheimer has downgraded China Integrated Energy’s rating
from: Outperform – to – Perform. China Integrated Energy, Inc. is a non-state-owned integrated energy company in China, engaged in the wholesale distribution of finished oil and heavy oil products; the production and sale of biodiesel and; the operation of retail gas stations.
Colgate-Palmolive (CL)UBS has downgraded Colgate-Palmolive’s rating
from: Buy – to – Neutral
Target Price: $84.00 . Colgate Palmolive Company manufactures and markets a number of products in the U.S. and around the world in two distinct business segments: Oral, Personal and Home Care; and Pet Nutrition.
Entegris (ENTG)DA Davidson has downgraded Entegris’s rating
from: Buy – to – Neutral
Target Price: $8.00 . Entegris Inc is a developer, manufacturer and supplier of products and materials used in processing and manufacturing in the semiconductor and other technology industries.
Franklin Resources (BEN)FBR Capital has downgraded Franklin Resources’s rating
from: Outperform – to – Mkt Perform
Target Price: $125.00 . Franklin Resources Inc. is an investment management company that offers investment choices under the Franklin, Templeton, Mutual Series, Bissett, Fiduciary and Darby brand names.
Huntington Banc (HBAN)Jefferies has downgraded Huntington Banc’s rating
from: Buy – to – Hold
Target Price: $8.00 . Huntington Bancshares, Inc. is a multi-state financial holding company, which provides various financial services through its subsidiary, The Huntington National Bank.
Clorox (CLX)Deutsche Bank has downgraded Clorox’s rating
from: Buy – to – Hold
Target Price: $65.00 . Clorox Company is a manufacturer and marketer of consumer products. It sells its products primarily through mass merchandisers, grocery stores and other retail outlets.