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Thursday, September 29, 2011

Teekay (TNK) (BIOD) (UMBF) (BZ) (RL) (CL) Downgraded

Teekay Tankers Ltd. (NYSE: TNK), Biodel (NASDAQ: BIOD), UMB Financial Co. (NASDAQ: UMBF), Boise Inc. (NYSE: BZ), Polo Ralph Lauren Corp (NYSE: RL) and Colgate-Palmolive Company (NYSE: CL) were downgraded by analysts.

Teekay Tankers Ltd. (TNK) was downgraded by Bank of America (NYSE:BAC) from a “Neutral” rating to an “Underperform” rating.

Biodel (BIOD) was downgraded by Wedbush from an “Outperform” rating to a “Neutral” rating. They have a price target of $1.00 on the company.

UMB Financial Co. (UMBF) was downgraded by Raymond James (NYSE:RJF) from a “Market Perform” rating to an “Underperform” rating.

Boise Inc. (BZ) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating. They have a price target of $7.00 on the company.

Polo Ralph Lauren Corp (RL) was downgraded by Citigroup (NYSE:C) from a “Buy” rating to a “Hold” rating. They have a price target of $160.00 on the company.

Colgate-Palmolive Company (CL) was downgraded by Citigroup from a “Buy” rating to a “Hold” rating.

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