Tuesday, September 20, 2011

PepsiCo (PEP) (CBOE) (LRCX) (CBT) (KIOR) (CNQ) Downgraded

PepsiCo, Inc. (NYSE: PEP), CBOE Holdings, Inc (NASDAQ: CBOE), Lam Research Co. (NASDAQ: LRCX), Cabot Co. (NYSE: CBT), KiOR Inc (NASDAQ: KIOR) and Canadian Natural Resources (NYSE: CNQ) downgraded by analysts.

PepsiCo, Inc. (PEP) was downgraded by Credit Agricole from an “Outperform” rating to an “Underperform” rating.

CBOE Holdings, Inc. (CBOE) was downgraded by Raymond James (NYSE:RJF) from an “Outperform” rating to a “Market Perform” rating.

Lam Research Co. (LRCX) was downgraded by Goldman Sachs (NYSE:GS) from a “Buy” rating to a “Neutral” rating. They have a price target of $37.00 on the company.

Cabot Co. (CBT) was downgraded by Jefferies (NYSE:JEF) from a “Buy” rating to a “Hold” rating. They have a price target of $35.00 on the company.

KiOR Inc. (KIOR) was downgraded by Raymond James from an “Outperform” rating to a “Market Perform” rating.

Canadian Natural Resources (CNQ) was downgraded by Stifel Nicolaus to a “Hold” rating.

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