Wednesday, April 27, 2011

Excel (EXM) (GRM) (IVN) (NWBI) SHBI) Get Ratings Downgrades

Excel Maritime Carriers Ltd (NYSE: EXM), Graham Packaging Company Inc (NYSE: GRM), Ivanhoe Mines Ltd (NYSE: IVN), Northwest Bancshares, Inc. (NASDAQ: NWBI) and Shore Bancshares, Inc. (NASDAQ: SHBI) downgraded by analysts.

Jefferies (NYSE:JEF) downgraded Excel Maritime Carriers Ltd (EXM) from a “Hold” rating to an “Underperform” rating.

Goldman Sachs (NYSE:GS) downgraded Graham Packaging Company Inc (GRM) from a “Buy” rating to a “Neutral” rating. They set a price target of $24.00 on the stock.

BMO Capital Markets downgraded Ivanhoe Mines Ltd (IVN) from an “Outperform” rating to a “Market Perform” rating.

FBR Capital downgraded Northwest Bancshares, Inc. (NWBI) from an “Outperform” rating to a “Market Perform” rating. They placed a price target of $13 on the firm.

Sandler O’Neill downgraded Shore Bancshares, Inc. (SHBI) from a “Buy” rating to a “Hold” rating.

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