Tuesday, August 16, 2011

AK Steel (AKS) (RGLD) (WATG) (BRCD) (TSS) (CAAS) Downgraded

AK Steel Holding Co. (NYSE: AKS), Royal Gold, Inc. (NASDAQ: RGLD), Wonder Auto Technology Inc (NASDAQ: WATG), Brocade Communications Systems, Inc. (NASDAQ: BRCD), Total System Services, Inc. (NYSE: TSS) and China Automotive Systems Inc. (NASDAQ: CAAS) downgraded by analysts.

Wonder Auto Technology Inc. (WATG) was downgraded by analysts at Brean Murray from a “Buy” rating to a “Hold” rating.

AK Steel Holding Co. (AKS) was downgraded by Keybanc from a “Buy” rating to a “Hold” rating.

Brocade Communications Systems, Inc. (BRCD) was downgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Sell” rating. They have a price target of $3.30 on the company.

Total System Services, Inc. (TSS) was downgraded by Goldman Sachs from a “Buy” rating to a “Neutral” rating.

China Automotive Systems Inc. (CAAS) was downgraded by Brean Murray from a “Buy” rating to a “Hold” rating.

Royal Gold, Inc. (RGLD) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating.

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