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Friday, October 28, 2011

POSCO (PKX) (FWLT) (MDR) (FIO) (MWV) (EAT) Downgraded

POSCO (NYSE: PKX), Foster Wheeler Ltd. (NASDAQ: FWLT), McDermott International (NYSE: MDR), Fusion-Io Inc. (NYSE: FIO), MeadWestvaco Corp. (NYSE: MWV) and Brinker International, Inc. (NYSE: EAT) were downgraded by analysts.

POSCO (NYSE: PKX) was downgraded by Standpoint Research from a “Buy” rating to a “Hold” rating.

Foster Wheeler Ltd. (FWLT) was downgraded by Standpoint Research from a “Buy” rating to a “Hold” rating.

McDermott International (MDR) was downgraded by Pritchard from a “Buy” rating to a “Neutral” rating.

Fusion-Io Inc. (FIO) was downgraded by Stifel Nicolaus from a “Buy” rating to a “Hold” rating.

MeadWestvaco Corp. (MWV) was downgraded by BMO Capital Markets from an “Outperform” rating to an “Underperform” rating.

Brinker International, Inc. (EAT) was downgraded by Sterne Agee from a “Neutral” rating to an “Underperform” rating. They have a price target of $20.00 on the company.

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