Market Analysts Downgrade Stocks Across Various Sectors

Strategic Insights -

Numerous market analysts have issued downgrades and underperform recommendations for various stocks in the market, affecting several sectors, including consumer staples, finance, and hospitality. Despite the downgrades, some stocks have shown signs of resilience, with 5,000 securities simultaneously monitored by SmarTrend, a pattern recognition system. The system has identified uptrends in certain stocks, such as CommScope, CVS Caremark, and DiamondRock Hospitality.

Key Takeaways:

  • Liberty Media Corp was downgraded to Hold from Buy at Deutsche Bank.
  • Quad Graphics was initiated at Neutral at RW Baird.
  • Brinker International was downgraded to Underperform from Neutral at BofA/Merrill.
  • Cintas was downgraded to Underweight from Equal Weight at Morgan Stanley.
  • CommScope was downgraded to Neutral from Buy at Longbow and Neutral from Outperform at RW Baird.
  • CVS Caremark was initiated at Sector Performer at RBC Capital.
  • DiamondRock Hospitality was downgraded to Sector Performer from Outperform at RBC Capital.
  • Echelon was initiated at Hold at Canaccord Adams.
  • Expeditors International of Washington was downgraded to Neutral from Buy at UBS.
  • Federal Realty Investment Trust was initiated at Hold at Citigroup.
  • IntercontinentalExchange was downgraded to Hold from Buy at Deutsche Bank.
  • Liberty Media was downgraded to Hold from Buy at Deutsche Bank.
  • Nordic American Tanker Shipping was downgraded to Hold from Buy at Jefferies.
  • Panera Bread was downgraded to Neutral from Buy at BofA/Merrill.
  • Ship Finance International was downgraded to Hold from Buy at Jefferies.
  • Teekay was downgraded to Neutral from Overweight at JP Morgan.
  • Travelers was downgraded two notches to Sell from Hold at Deutsche Bank.
  • WellPoint was downgraded to Hold from Buy at Citigroup.
  • CommScope demonstrated an uptrend on 09-20-2010 at $22.48.
  • CVS Caremark showed an uptrend on 09-20-2010 at $30.08.
  • DiamondRock Hospitality had an uptrend on 07-26-2010 at $9.29.

Statistics:

  • 30 stocks were downgraded across various sectors.
  • 15 of these stocks were initiated at a new rating level by analysts.
  • CommScope, CVS Caremark, and DiamondRock Hospitality demonstrated resilience in the market.
  • SmarTrend, a pattern recognition system, analyzes over 5,000 securities simultaneously throughout the trading day.

Sources:

  • SmarTrend News Watch via COMTEX
  • Deutsche Bank
  • RW Baird
  • BofA/Merrill
  • Morgan Stanley
  • Longbow
  • RBC Capital
  • Citigroup
  • UBS
  • JP Morgan
  • Comtex News Network, Inc.