Filed under: Analyst upgrades and downgrades, Red Hat Inc (RHT), SLM Corp (SLM)

MOST NOTEWORTHY: Red Hat, Capital One and Novo Nordisk were today’s noteworthy downgrades:

• Banc of America downgraded shares of Red Hat (NYSE: RHT) to Neutral from Buy, despite expectations for solid Q3 results, due to a lack of billings catalysts and their belief that JBoss continues to have trouble gaining momentum.
• Capital One (NYSE: COF) was lowered to Hold from Buy at Jefferies, as they expect limited upside until investors have improved visibility on the extent and timing of credit losses.
• Merrill downgraded Novo Nordisk
  (NYSE: NVO) to Neutral from Buy on a lack of near-term catalysts with the company’s diabetes and obesity drug-trial info being already presented.

OTHER DOWNGRADES:

• Goldman removed CME Group (NYSE: CME) from its Conviction Buy List.
• JP Morgan lowered Plantronics (NYSE: PLT) to Underweight from Neutral.
• Thomas Weisel downgraded SLM Corp (NYSE: SLM) to Market Weight from Overweight.

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Original post by Eric Buscemi

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