Analyst downgrades: UEIC, BMR and AHCI

February 22nd, 2008 | Category: Analyst upgrades and downgrades

MOST NOTEWORTHY: Universal Electronics, BioMed Realty Trust and Allied Healthcare were today’s noteworthy downgrades:

Deutsche Bank downgraded Universal Electronics (NASDAQ: UEIC) to Hold from Buy following the company’s disappointing guidance.
Baird downgraded shares of BioMed Realty Trust (NYSE: BMR) to Neutral from Outperform and lowered their target to $26 as they believe shares are fairly valued.
Allied Healthcare (NASDAQ: AHCI) was cut to Market Perform from Outperform at Friedman Billings following the lower-than-expected Q1 results.

OTHER DOWNGRADES:

Merrill Lynch downgraded Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) to Sell from Neutral.
Best Buy (NYSE: BBY) was cut to Underweight from Equal Weight at Morgan Stanley.
Vital Images (NASDAQ: VTAL) was downgraded to Hold from Buy at Deutsche Bank.