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Tuesday, October 25, 2011

Rio Tinto (RIO) (PDM) (SBRA) (SJR) (TCO) (TEVA) Downgraded

Rio Tinto (NYSE: RIO), Piedmont Office Realty Trust (NYSE: PDM), Sabra Healthcare Reit (NASDAQ: SBRA), Shaw Communications Inc. (NYSE: SJR), Taubman Centers Incorporated (NYSE: TCO) and Teva Pharmaceutical Industries Ltd (NASDAQ: TEVA) were downgraded by analysts.

Piedmont Office Realty Trust (PDM) was downgraded by Stifel Nicolaus from a “Hold” rating to a “Sell” rating.

Rio Tinto (RIO) was downgraded by Goldman Sachs (NYSE:GS) to a “Neutral” rating.

Sabra Healthcare Reit (SBRA) was downgraded by JMP Securities from an “Outperform” rating to a “Market Perform” rating.

Shaw Communications Inc. (SJR) was downgraded by Bank of America (NYSE:BAC) from a “Buy” rating to a “Neutral” rating.

Taubman Centers Incorporated (TCO) was downgraded by ISI Group from a “Buy” rating to a “Hold” rating.

Teva Pharmaceutical Industries Ltd (TEVA) was downgraded by Piper Jaffray (PJC) from an “Overweight” rating to a “Neutral” rating. They have a price target of $45.00 on the company.

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