Thursday, April 28, 2011

Analyst Downgrades for (LOOP) (MBLX) (MDP) (NAT) (NXY)

Analysts downgraded LoopNet, Inc. (NASDAQ: LOOP), Metabolix Inc (NASDAQ: MBLX), Meredith Corporation (NYSE: MDP), Nordic American Tanker Shipping (NYSE: NAT) and Nexen Inc. (NYSE: NXY) today.

SunTrust (NYSE:STI) downgraded LoopNet, Inc. (LOOP) from a “buy” rating to a “neutral” rating.

Piper Jaffray downgraded Metabolix Inc (MBLX) from a “neutral” rating to an “underweight” rating. They have a price target of $7 on the company, down from $9.

The Benchmark Company downgraded Meredith Corporation (MDP) from a “buy” rating to a “hold” rating. They have a price target of $37 on the stock, down from $41.

Goldman Sachs (NYSE:GS) downgraded Nordic American Tanker Shipping (NAT) from a “buy” rating to a “neutral” rating.

TD Newcrest downgraded Nexen Inc. (NXY) from a “buy” rating to a “hold” rating.

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