MOST NOTEWORTHY: Allscripts, Supertel Hospitality, Cephalon, Limelight Networks and Financial Federal were today’s noteworthy downgrades:

• Allscripts (NASDAQ: MDRX) was downgraded to Neutral from Outperform at JP Morgan following its weak Q3 results and guidance.
• Supertel Hospitality (NASDAQ: SPPR) was downgraded to Neutral from Outperform at Baird and to Market Perform from Outperform at JMP Securities following its disappointing Q3 report.
• JMP securities downgraded Cephalon (NASDAQ: CEPH) to Market Outperform from Strong Buy citing uninspiring Q3 revenue growth.
• Friedman Billings downgraded Limelight Networks (NASDAQ: LLNW) to Market Perform from Outperform citing the mighty pricing environment, competition, and upcoming IPO lockup expiration on 12/5.
• The firm additionally downgraded shares of
  Financial Federal (NYSE: FIF) to Underperform from Market Perform, as they expect the company to be impacted considerably from the slowing economy.

OTHER DOWNGRADES:

• JP Morgan removed Jones Lang LaSalle (NYSE: JLL) and CB Richard Ellis (NYSE: CBG) from its Focus List.
• Deutsche Bank downgraded Home Diagnostics (NASDAQ: HDIX) to Hold from Buy.
• Finisar (NASDAQ: FNSR) was downgraded to Hold from Buy at Jefferies.
• Banc of America downgraded RPM, Inc (NYSE: RPM) to Neutral from Buy.

Original post by Eric Buscemi

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