Analyst calls: Bank of America downgraded to 'sell'

SanDisk is downgraded to 'hold,' and Riverbed is downgraded at 3 firms.

By MSN Money Partner Apr 20, 2012 11:29AM
Information provided by Theflyonthewall.com

Friday's noteworthy upgrades include:  
  • Brown & Brown (BRO) upgraded to Overweight from Neutral at JPMorgan
  • New Jersey Resources (NJR) upgraded to Buy from Hold at Brean Murray
  • TransDigm (TDG) upgraded to Buy from Neutral at Goldman
  • Westar Energy (WR) upgraded to Neutral from Sell at Goldman
  • Nokia (NOK) upgraded to Equal Weight from Underweight at Evercore
Friday's noteworthy downgrades include:  
  • Altera (ALTR) downgraded to Neutral from Buy at Citigroup
  • Chesapeake (CHK) downgraded to Market Perform from Outperform at Wells Fargo
  • Embraer (ERJ) downgraded to Neutral from Buy at Goldman
  • Lumber Liquidators (LL) downgraded to Neutral from Buy at Goldman
  • Marsh & McLennan (MMC) downgraded to Underweight from Neutral at JPMorgan
  • ONEOK Partners (OKS) downgraded to Neutral from Buy at UBS
  • Riverbed (RVBD) downgraded to Hold from Buy at Cantor, and to Perform from Outperform at Oppenheimer, and to Underperform from Outperform at RBC Capital
  • SanDisk (SNDK) downgraded to Hold from Buy at Deutsche Bank
  • Bank of America (BAC) downgraded to Sell from Underperform at CLSA
Friday's noteworthy initiations include:  
  • Finish Line (FINL) initiated with a Buy at Benchmark Co
  • Foot Locker (FL) initiated with a Hold at Benchmark Co
  • Nike (NKE) initiated with a Buy at Benchmark Co
  • Questcor (QCOR) initiated with an Overweight at Piper Jaffray
4Comments
Apr 20, 2012 11:50AM
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Idiots,  Thanks for the downgrade on BAC, so that I can back up my truck and load up a bunch more !!
Apr 20, 2012 12:10PM
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these are the same ones who did not see the upturn in banks in november     IWONDER HOW MANY PUT S THEY BOUGHT                  IT STILL BAFFELS ME HOW THEY KEEP THIER JOBS           (ANY OPENINGS)         
Apr 20, 2012 12:00PM
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SELL, SELL, SELL, so I can BUY, BUY, BUY  !!!!
May 10, 2012 7:49PM
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I sold BAC @ $8.62 about a month ago, how low can she go? I will buy more for the right price???

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