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Thursday, April 28, 2011

Analyst Downgrades for (ACLS) (AOB) (BK) (COP) (CVS)

Analysts downgraded Axcelis Technologies Inc (NASDAQ: ACLS), American Oriental (NYSE: AOB), Bank of New York Mellon (NYSE: BK), ConocoPhillips (NYSE: COP) and CVS Caremark (NYSE: CVS) today.

Craig Hallum downgraded Axcelis Technologies Inc (ACLS) from a “buy” rating to an “accumulate” rating.

Oppenheimer downgraded American Oriental (AOB) from an “outperform” rating to a “perform” rating.

Morgan Stanley (NYSE:MS) downgraded Bank of New York Mellon (BK) to an “equal weight” rating.

Deutsche Bank (NYSE:DB) downgraded ConocoPhillips (COP) from a “buy” rating to a “hold” rating. They have a price target of $85 on the company, down from $90.

Standpoint Research downgraded CVS Caremark (CVS) from a “buy” rating to a “hold” rating. They cited valuation as the catalyst.

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