Analyst downgrades: ANH, MFA, NWSAF and SKS

March 06th, 2008 | Category: Analyst Reports, Analyst upgrades and downgrades

MOST NOTEWORTHY: Anworth Mortgage, MFA Mortgage, New Star Asset Management and Saks were today’s noteworthy downgrades:

Keefe Bruyette downgraded Anworth Mortgage (NYSE: ANH) and MFA Mortgage (NYSE: MFA) to Market Perform from Outperform to reflect lower book value estimates based on the widening in agency spreads.
Deutsche Bank downgraded New Star Asset Management (OTC: NWSAF) to Sell from Buy, as they are negative on the company’s commerce model and growth prospects in the current environment.
Saks (NYSE: SKS) was cut to Neutral from

Buy at Banc of America as they believe the high-end is slowing.

OTHER DOWNGRADES:

Goldman downgraded Lonmin Plc (OTC: LNMIY) to Neutral from Buy.
RBC Capital downgraded Maguire Properties (NYSE: MPG) and First Potomac (NYSE: FPO) to Underperform from Sector Perform.
Shares of Zumiez (NASDAQ: ZUMZ) were downgraded to Neutral from buy at Piper and to Neutral from Positive at Susquehanna.