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Monday, September 26, 2011

TriQuint (TQNT) (AHT) (UDRL) (BAS) (RES) (CAVM) Downgraded

TriQuint Semiconductor (NASDAQ: TQNT), Ashford Hospitality Trust (NYSE: AHT), Union Drilling, Inc. (NASDAQ: UDRL), Basic Energy Services (NYSE: BAS), RPC, Inc (NYSE: RES) and Cavium Networks, Inc. (NASDAQ: CAVM) were downgraded by analysts.

TriQuint Semiconductor (TQNT) was downgraded by Pacific Crest from an “Outperform” rating to a “sector perform” rating.

Ashford Hospitality Trust (AHT) was downgraded by FBR Capital from a “Market Perform” rating to an “Underperform” rating. They have a price target of $5.00 on the company, down from $12.00.

Union Drilling, Inc. (UDRL) was downgraded by Global Hunter Securities from a “Buy” rating to a “Neutral” rating. They have a price target of $5.50 on the company, down from $14.00.

Basic Energy Services (BAS) was downgraded by Global Hunter Securities from a “Buy” rating to an “Accumulate” rating. They have a price target of $30.00 on the company, down from $45.00.

RPC, Inc. (RES) was downgraded by Global Hunter Securities from an “Accumulate” rating to a “Neutral” rating. They have a price target of $26.00 on the company, down from $29.00.

Cavium Networks, Inc. (CAVM) was downgraded by Deutsche Bank (NYSE:DB) from a “Buy” rating to a “Hold” rating. They have a price target of $30.00 on the company.

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