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Monday, November 21, 2011

Darden (DRI) (MSG) (MTOR) (NLY) (CRZBY) (CYN) Downgraded

Darden Restaurants, Inc. (NYSE: DRI), Madison Square Garden, Inc. (NYSE: MSG), Meritor (NASDAQ: MTOR), Annaly Capital Management, Inc. (NYSE: NLY), Commerzbank AG (OTC: CRZBY) and City National Co. (NYSE: CYN) were downgraded by analysts.

Darden Restaurants, Inc. (DRI) was downgraded by Morgan Stanley (NYSE:MS) from an “Overweight” rating to an “Equal Weight” rating.

Madison Square Garden, Inc. (MSG) was downgraded by Miller Tabak to a “Neutral” rating.

Meritor (MTOR) was downgraded by KeyBanc from a “Buy” rating to a “Hold” rating.

Annaly Capital Management, Inc. (NLY) was downgraded by KBW to a “Market Perform” rating. They have a price target of $16.50 on the company.

Commerzbank AG (CRZBY) was downgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Sell” rating.

City National Co. (CYN) was downgraded by Bank of America (NYSE:BAC) from a “Neutral” rating to an “Underperform” rating.

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