Filed under: Analyst reports, Analyst upgrades and downgrades

MOST NOTEWORTHY: U.S. Auto Parts, DealerTrack and AspenBio Pharma were today’s noteworthy downgrades:

• Piper downgraded shares of U.S. Auto Parts (NASDAQ: PRTS) to Neutral from Buy following the company’s Q4 results.
• JMP Securities cut DealerTrack (NASDAQ: TRAK) to Market Perform from Strong Buy as they believe future market share losses to RouteOne are more meaningful than previously believed.
• Oppenheimer has concerns that most of AspenBio Pharma’s (NASDAQ: APPY) market value is tied to the AppyScore analysis for appendicitis, while available clinical documents may not be sufficient to drive adoption. The
  firm lowered APPY to Perform from Outperform.

OTHER DOWNGRADES:

• Wachovia cut Reddy Ice (NYSE: FRZ) to Market Perform from Outperform.
• Deutsche Bank lowered its rating on Valspar (NYSE: VAL) and Airgas (NYSE: ARG) to Hold from Buy.
• Goldman downgraded Orbitz Worldwide (NYSE: OWW) to Neutral from Buy.

Permalink | Email this | Comments

Original post by Eric Buscemi

insurance home equity refinance tax foreclosure credit repair income taxes investing stock market credit card