Lazard (LAZ) (LUX) (NLC) (REGN) (RIMM) Downgraded

Lazard Ltd (NYSE: LAZ), Luxottica Group S.p.A. (NYSE: LUX), Nalco Holding Co (NYSE: NLC), Regeneron Pharma (NASDAQ: REGN) and Research In Motion (NASDAQ: RIMM) downgraded by analysts.

Lazard Ltd (LAZ) was downgraded by Ticonderoga from a “Buy” rating to a “Neutral” rating.

Luxottica Group S.p.A. (LUX) was downgraded by HSBC (NYSE:HBC) from a “Neutral” rating to an “Underweight” rating.

Nalco Holding Co. (NLC) was downgraded by Credit Suisse (NYSE:CS) from a “Neutral” rating to an “Underperform” rating.

Regeneron Pharma (REGN) was downgraded by Bank of America (NYSE:BAC) from a “Neutral” rating to an “Underperform” rating. They have a price target of $62.00 on the company, up from $58.00.

Research In Motion (RIMM) was downgraded by Jefferies (NYSE:JEF) from a “Hold” rating to an “Underperform” rating. They have a price target $25.00 on the company.