Dendreon (DNDN) (WLT) (WFR) (OSG) (LAMR) (EE) Downgraded

Dendreon Co. (NASDAQ: DNDN), Walter Energy (NYSE: WLT), MEMC Electronic Materials Inc (NYSE: WFR), Overseas Shipholding Group Inc. (NYSE: OSG), Lamar Advertising Company (NASDAQ: LAMR) and El Paso Electric (NYSE: EE) downgraded by analysts.

Dendreon Co. (DNDN) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $20.00 on the company, down from $56.00.

Walter Energy (WLT) was downgraded by Brean Murray from a “Buy” rating to a “Hold” rating.

MEMC Electronic Materials Inc. (WFR) was downgraded by Ardour Capital from a “Buy” rating to an “Accumulate” rating. They have a price target of $8.50 on the company, down from $16.00.

Overseas Shipholding Group Inc. (OSG) was downgraded by Sterne Agee from a “Neutral” rating to a “Sell” rating. They have a price target of $13.00 on the company, down from $31.00.

Lamar Advertising Company (LAMR) was downgraded by The Benchmark Company from a “Buy” rating to a “Hold” rating. They have a price target of $24.00 on the company, down from $33.00.

El Paso Electric (EE) was downgraded by Ticonderoga from a “Buy” rating to a “Neutral” rating.