Monday, May 2, 2011

Ratings on (NSC) (OFC) (SCVL) (SPWRA) Downgraded

Norfolk Southern Corp. (NYSE: NSC), Corp Office Props (NYSE: OFC), Shoe Carnival (NASDAQ: SCVL) and SunPower Co. (NASDAQ: SPWRA) get ratings downgrades.

TD Newcrest downgraded Norfolk Southern Corp. (NSC) from a “buy” rating to a “hold” rating. They have a price target of $84.00 on the stock. They cited valuation as the catalyst behind their call.

JPMorgan Chase & Co. (NYSE:JPM) downgraded Corp Office Props (OFC) from a “neutral” rating to an “underweight” rating. They have a price target of $35.00 on the company, down from $39.00.

Soleil Securities downgraded Shoe Carnival (SCVL) from a “buy” rating to a “hold” rating.

Societe Generale downgraded SunPower Co. (SPWRA) from a “buy” rating to a “hold” rating.

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