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Thursday, September 15, 2011

JA Solar (JASO) (DNR) (EE) (EOG) (GNET) (INSU) (JWN) (LYG) Downgraded

JA Solar (NASDAQ: JASO), Denbury Resources Inc. (NYSE: DNR), El Paso Electric (NYSE: EE), EOG Resources (NYSE: EOG), Global Traffic Network, Inc. (NASDAQ: GNET), Insituform Technologies, Inc. (NASDAQ: INSU), Nordstrom, Inc. (NYSE: JWN) and Lloyds TSB Group plc (NYSE: LYG) were downgraded by analysts.

JA Solar (JASO) was downgraded by Jefferies (NYSE:JEF) from a “Hold” rating to an “Underperform” rating. They have a price target of $2.00 on the company, down from $4.00.

Denbury Resources Inc. (DNR) was downgraded by Sterne Agee from a “Neutral” rating to an “Underperform” rating.

El Paso Electric (EE) was downgraded by Jefferies from a “Hold” rating to an “Underperform” rating. They have a price target of $29.00 on the company, down from $33.50.

EOG Resources (EOG) was downgraded by Sterne Agee from a “Neutral” rating to an “Underperform” rating.

Global Traffic Network, Inc. (GNET) was downgraded by Collins Stewart from a “Buy” rating to a “Neutral” rating.

Insituform Technologies, Inc. (INSU) was downgraded by Oppenheimer from a “Perform” rating to an “Underperform” rating.

Nordstrom, Inc. (JWN) was downgraded by Goldman Sachs (NYSE:GS) from a “Buy” rating to a “Neutral” rating. They have a price target of $50.00 on the company.

Lloyds (LYG) was downgraded by BNP Paribas from a “Neutral” rating to an “Underperform” rating.

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