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Tuesday, November 29, 2011

Citigroup (C) (NTRS) (PIP) (R) (CCG) (ERIC) Downgraded

Citigroup (NYSE: C), Northern Trust Co. (NASDAQ: NTRS), PharmAthene Inc. (NYSE: PIP), Ryder System, Inc. (NYSE: R), Campus Crest Communities (NYSE: CCG) and Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) were downgraded by analysts.

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

Northern Trust Co. (NTRS) was downgraded by Morgan Stanley to an “Underweight” rating.

PharmAthene Inc. (PIP) was downgraded by WBB Securities from a “Strong Buy” rating to a “Hold” rating. They have a price target of $2.00 on the company.

Ryder System, Inc. (R) was downgraded by SunTrust (NYSE:STI) from a “Buy” rating to a “Neutral” rating.

Campus Crest Communities (CCG) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating. They have a price target of $11.00 on the company, down from $13.00.

Telefonaktiebolaget LM Ericsson (ERIC) was downgraded by Societe Generale from a “Buy” rating to a “Hold” rating.

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