Tuesday, July 26, 2011

Thomson Reuters (TRI) (PRE) (GNK) (HP) (CNP) (NAT) Downgraded

Thomson Reuters Co. (NYSE: TRI), PartnerRe (NYSE: PRE), Genco Shipping & Trading Ltd (NYSE: GNK), Helmerich & Payne (NYSE: HP), CenterPoint Energy, Inc. (NYSE: CNP) and Nordic American Tanker Shipping (NYSE: NAT) downgraded by analysts.

Thomson Reuters Co. (TRI) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating. They have a price target of $42.00 on the company, down from $46.00.

PartnerRe (PRE) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating. They have a price target of $76.00 on the company.

Genco Shipping & Trading Ltd (GNK) was downgraded by Cantor Fitzgerald from a “Hold” rating to a “Sell” rating.

Helmerich & Payne (HP) was downgraded by Duncan Williams from a “Buy” rating to a “Reduce” rating. They have a price target of $72.00 on the company. They cited valuation as the catalyst behind the call.

CenterPoint Energy, Inc. (CNP) was downgraded by Argus from a “Buy” rating to a “Hold” rating.

Nordic American Tanker Shipping (NAT) was downgraded by Cantor Fitzgerald from a “Hold” rating to a “Sell” rating. They have a price target of $16.00 on the company.

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