Tuesday, May 10, 2011

Ratings on (ADM) (AEO) (BASFY) (BID) (DIOD) Downgraded

Ratings on Archer Daniels Midland Company (NYSE: ADM), American Eagle (NYSE: AEO), BASF SE (NASDAQ: BASFY), Sotheby’s (NYSE: BID) and Diodes (NASDAQ: DIOD) downgraded by analysts.

Bank of America (NYSE:BAC) downgraded Archer Daniels Midland Company (ADM) from a “buy” rating to an “underperform” rating. They have a price target of $32.00 on the company.

Janney Montgomery Scott downgraded American Eagle (AEO) from a “buy” rating to a “neutral” rating. They have a price target $15.00 price target on the company.

ING Group downgraded BASF SE (BASFY) from a “buy” rating to a “hold” rating.

Craig Hallum downgraded Sotheby’s (BID) from a “buy” rating to an “accumulate” rating. They have a price target of $50.00 on the company.

BMO Capital Markets downgraded Diodes (DIOD) from an “outperform” rating to a “market perform” rating. They have a price target of $34.00 on the company.

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