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Friday, November 25, 2011

Cubic (CUB) (RENN) (VAL) (WGL) (ABH) (BIG) Downgraded

Cubic (NYSE: CUB), Renren Inc. (NASDAQ: RENN), The Valspar Co. (NYSE: VAL), WGL Holdings, Inc. (NYSE: WGL), AbitibiBowater (NYSE: ABH) and Big Lots, Inc. (NYSE: BIG) were downgraded by analysts.

Cubic (CUB) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating. They have a price target of $49.50 on the company.

Renren Inc. (RENN) was downgraded by Pacific Crest from an “Outperform” rating to a “Sector Perform” rating.

The Valspar Co. (VAL) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating. They have a price target of $37.00 on the company.

WGL Holdings, Inc. (WGL) was downgraded by Bank of America (NYSE:BAC) from a “Neutral” rating to an “Underperform” rating.

AbitibiBowater (ABH) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating. They have a price target of $18.00 on the company, down from $22.00.

Big Lots, Inc. (BIG) was downgraded by Barclays Capital from an “Overweight” rating to an “Equal Weight” rating.

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