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Monday, October 31, 2011

Avon (AVP) (SCHN) (BMY) (SPG) (TDY) (BBD) Downgraded

Avon Products, Inc. (NYSE: AVP), Schnitzer Steel (NASDAQ: SCHN), Bristol Myers Squibb Co. (NYSE: BMY), Simon Properties (NYSE: SPG), Teledyne Technologies Incorporated (NYSE: TDY) and Banco Bradesco SA (NYSE: BBD) were downgraded by analysts.

Avon Products, Inc. (AVP) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating. They have a price target of $20.00 on the company, down from $31.00.

Schnitzer Steel (SCHN) was downgraded by Bank of America (NYSE:BAC) from a “Buy” rating to a “Neutral” rating.

Bristol Myers Squibb Co. (BMY) was downgraded by Credit Suisse (NYSE:CS) from an “Outperform” rating to an “Underperform” rating.

Simon Properties (SPG) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating. They have a price target of $125.00 on the company.

Teledyne Technologies Incorporated (TDY) was downgraded by KeyBanc to a “Hold” rating.

Banco Bradesco SA (BBD) was downgraded by HSBC (NYSE:HBC) from an “Overweight” rating to a “Neutral” rating.

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