Tuesday, August 9, 2011

Summit (INN) (AGII) (ARW) (CAKE) (CSX) (EONGY) Downgraded

Summit Hotel Properties, Inc. (NYSE: INN), Argo Group International Holdings, Ltd. (NASDAQ: AGII), Arrow Electronics, Inc. (NYSE: ARW), Cheesecake Factory (NASDAQ: CAKE), CSX Corp. (NYSE: CSX) and E.ON AG (NASDAQ: EONGY) downgraded by analysts.

Summit Hotel Properties, Inc. (INN) was downgraded by Canaccord Genuity from a “Buy” rating to a “Hold” rating.

Argo Group International Holdings, Ltd. (AGII) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating. They have a price target of $32.00 on the company, down from $36.00.

Arrow Electronics, Inc. (ARW) was downgraded by Goldman Sachs (NYSE:GS) from a “Buy” rating to a “Neutral” rating.

Cheesecake Factory (CAKE) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target $30.00 on the company, down from $38.00.

CSX Corp. (CSX) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $28.00 on the company, down from $31.00.

E.ON AG (EONGY) was downgraded by Societe Generale from a “Buy” rating to a “Hold” rating.

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