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Tuesday, November 1, 2011

Chevron (CVX) (RRC) (SBLK) (SKT) (EBTX) (EDR) Downgraded

Chevron (NYSE: CVX), Range Resources (NYSE: RRC), Star Bulk Carriers (NASDAQ: SBLK), Tanger Factory Outlet Centers Inc. (NYSE: SKT), Encore Bancshares, Inc (NASDAQ: EBTX) and Education Realty Trust, Inc. (NYSE: EDR) were downgraded by analysts.

Chevron (CVX) was downgraded by Bank of America (NYSE:BAC) from a “Buy” rating to a “Neutral” rating. They have a price target of $127.00 on the company.

Range Resources (RRC) was downgraded by Pritchard from a “Buy” rating to a “Neutral” rating.

Star Bulk Carriers (SBLK) was downgraded by FBR Capital from an “Outperform” rating to a “Market Perform” rating.

Tanger Factory Outlet Centers Inc. (SKT) was downgraded by Credit Suisse (NYSE:CS) from an “Outperform” rating to a “Neutral” rating.

Encore Bancshares, Inc. (EBTX) was downgraded by SunTrust (NYSE:STI) from a “Buy” rating to a “Neutral” rating.

Education Realty Trust, Inc. (EDR) was downgraded by JMP Securities from an “Outperform” rating to a “Market Perform” rating.

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