Monday, October 31, 2011

Virgin Media (VMED) (TWC) (VLY) (AIXG) (ARBA) (AVID) Downgraded

Virgin Media (NASDAQ: VMED), Time Warner Cable (NYSE: TWC), Valley National Bancorp (NYSE: VLY), Aixtron AG (NASDAQ: AIXG), Ariba, Inc. (NASDAQ: ARBA) and Avid Technology, Inc. (NASDAQ: AVID) were downgraded by analysts.

Time Warner Cable (TWC) was downgraded by Wells Fargo & Co. (NYSE:WFC) from an “Outperform” rating to a “Market Perform” rating.

Valley National Bancorp (VLY) was downgraded by Stifel Nicolaus from a “Buy” rating to a “Hold” rating.

Virgin Media (VMED) was downgraded by Morgan Stanley (NYSE:MS) from an “Overweight” rating to an “Equal Weight” rating.

Aixtron AG (AIXG) was downgraded by Sterne Agee from a “Buy” rating to a “Neutral” rating.

Ariba, Inc. (ARBA) was downgraded by Craig Hallum from a “Buy” rating to a “Hold” rating.

Avid Technology, Inc. (AVID) was downgraded by Brigantine from a “Buy” rating to a “Hold” rating. They have a price target of $8.00 on the company, down from $12.00.

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