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Thursday, April 28, 2011

Analyst Downgrades for (OTEX) (PLCE) (PMC) (PTSI) (PX)

Analysts downgraded Open Text (NASDAQ: OTEX), Children’s Place Retail Stores, Inc. (NASDAQ: PLCE), Pharmerica Corporation (NYSE: PMC), P.A.M. Transportation Services, Inc. (NASDAQ: PTSI) and Praxair, Inc. (NYSE: PX) today.

Benchmark Co. downgraded Open Text (OTEX) from a “hold” rating to a “sell” rating. They have a price target of $56 on the company.

JPMorgan Chase & Co. (NYSE:JPM) downgraded Children’s Place Retail Stores, Inc. (PLCE) from an “overweight” rating to a “neutral” rating.

Stifel Nicolaus downgraded Pharmerica Corporation (PMC) from a “buy” rating to a “hold” rating.

Morgan Keegan downgraded P.A.M. Transportation Services, Inc. (PTSI) from an “outperform” rating to a “market perform” rating.

Piper Jaffray downgraded Praxair, Inc. (PX) from an “overweight” rating to a “neutral” rating. They now have a price target of $106 on the company, up from $104.

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