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Monday, November 21, 2011

ESCO (ESE) (GBCI) (ICE) (LEN) (MRVL) Downgraded

ESCO Technologies Inc. (NYSE: ESE), Glacier Bancorp, Inc. (NASDAQ: GBCI), IntercontinentalExchange (NYSE: ICE), Lennar Co. (NYSE: LEN) and Marvell Technology Group (NASDAQ: MRVL) were downgraded by analysts.

ESCO Technologies Inc. (ESE) was downgraded by BB&T (NYSE:BBT) from a “Buy” rating to a “Hold” rating.

Glacier Bancorp, Inc. (GBCI) was downgraded by Sterne Agee from a “Buy” rating to a “Neutral” rating.

IntercontinentalExchange (ICE) was downgraded by Credit Agricole from an “Outperform” rating to an “Underperform” rating.

Lennar Co. (LEN) was downgraded by Citigroup (NYSE:C) from a “Buy” rating to a “Neutral” rating. They have a price target of $20.00 on the company.

Marvell Technology Group (MRVL) was downgraded by Craig Hallum from a “Buy” rating to a “Hold” rating. They have a price target of $15.00 on the company.

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