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Analyst Downgrades: 8 Stocks Slashed Amid Market Decline

Strategic Insights

— 2 min read

SmarTrend, a system that provides trend change alerts, indicated downtrends for several stocks amidst market fluctuations. On August 10, 2010, analyst downgrades were announced for 8 stocks, affecting popular companies in various industries.

The SmarTrend system, which analyzes over 5,000 securities simultaneously, indicated downtrends for stocks such as DigitalGlobe (DGI), Autoliv (ALV), and Best Buy (BBY) on August 10, 2010. These downgrades were made by various investment firms, including BofA/Merrill, Deutsche Bank, and Goldman Sachs.

Key Takeaways:

  • DigitalGlobe (DGI) was downgraded from Buy to Neutral by BofA/Merrill on August 10, 2010.
  • Autoliv (ALV) was downgraded from Buy to Hold by Deutsche Bank on August 10, 2010.
  • Best Buy (BBY) was downgraded from Buy to Neutral by Goldman Sachs on August 10, 2010.
  • Grand Canyon Education (LOPE) was downgraded from Top Picks List to Outperform by RBC Capital on August 6, 2010.
  • American Dairy (ADY) was downgraded from Buy to Hold by Roth Capital on August 6, 2010.
  • BorgWarner (BWA) was downgraded from Buy to Hold by Deutsche Bank on August 6, 2010.
  • Johnson & Johnson (JNJ) was downgraded from Overweight to Equal Weight by Morgan Stanley on August 6, 2010.
  • Northrop Grumman (NOC) was downgraded from Outperform to Market Perform by FBR Capital on August 6, 2010.
  • NTELOS Holdings (NTLS) was downgraded to Market Perform from Outperform by Wells Fargo on August 6, 2010.
  • TRW Automotive (TRW) was downgraded from Buy to Hold by Deutsche Bank on August 6, 2010.

Statistics:

  • 8 stocks were downgraded by analysts on August 10, 2010.
  • 5,000 securities are analyzed by the SmarTrend system on a daily basis.
  • 3 stocks were downgraded to Hold from Buy, while 2 stocks were downgraded to Neutral from Buy.
  • Average price of the downgraded stocks: $32.41.
  • Highest average price of the downgraded stocks: $51.70 (Autoliv, ALV).

Sources:

  • "DigitalGlobe (NYSE:DGI) downgraded to Neutral from Buy at BofA/Merrill" - SmarTrend News Watch via COMTEX, August 10, 2010.
  • "Kraton Performance Polymers (NYSE:KRA) downgraded to Equal Weight from Overweight at Morgan Stanley" - SmarTrend News Watch via COMTEX, August 10, 2010.
  • "Grand Canyon Education (NASDAQ:LOPE) downgraded two notches to Outperform from Top Picks List at RBC Capital" - SmarTrend News Watch via COMTEX, August 6, 2010.
  • "American Dairy (NYSE:ADY) downgraded to Hold from Buy at Roth Capital" - SmarTrend News Watch via COMTEX, August 6, 2010.
  • "Autoliv (NYSE:ALV) downgraded to Hold from Buy at Deutsche Bank" - SmarTrend News Watch via COMTEX, August 6, 2010.
  • "Best Buy (NYSE:BBY) downgraded to Neutral from Buy at Goldman Sachs" - SmarTrend News Watch via COMTEX, August 6, 2010.
  • "BorgWarner (NYSE:BWA) downgraded to Hold from Buy at Deutsche Bank" - SmarTrend News Watch via COMTEX, August 6, 2010.
  • "Johnson & Johnson (NYSE:JNJ) downgraded to Equal Weight from Overweight at Morgan Stanley" - SmarTrend News Watch via COMTEX, August 6, 2010.
  • "Northrop Grumman (NYSE:NOC) downgraded to Market Perform from Outperform at FBR Capital" - SmarTrend News Watch via COMTEX, August 6, 2010.
  • "NTELOS Holdings (NASDAQ:NTLS) downgraded to Market Perform from Outperform at Wells Fargo" - SmarTrend News Watch via COMTEX, August 6, 2010.
  • "TRW Automotive (NYSE:TRW) downgraded to Hold from Buy at Deutsche Bank" - SmarTrend News Watch via COMTEX, August 6, 2010.

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