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Wednesday, November 16, 2011

OmniVision (OVTI) (PEG) (PMCS) (CYH) (DHI) (DLTR) Downgraded

OmniVision Technologies, Inc. (NASDAQ: OVTI), Public Service Enterprise Group Inc. (NYSE: PEG), PMC-Sierra, Inc. (NASDAQ: PMCS), Community Health Systems (NYSE: CYH), D.R. Horton, Inc. (NYSE: DHI) and Dollar Tree Inc. (NASDAQ: DLTR) were downgraded by analysts.

OmniVision Technologies, Inc. (OVTI) was downgraded by Needham & Company from a “Strong Buy” rating to a “Hold” rating.

Public Service Enterprise Group Inc. (PEG) was downgraded by
Bank of America (NYSE:BAC) to a “Neutral” rating. They have a price target of $37.00 on the company.

PMC-Sierra, Inc. (PMCS) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating. They have a price target of $7.50 on the company

Community Health Systems (CYH) was downgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Sell” rating. They have a price target of $17.00 on the company.

D.R. Horton, Inc. (DHI) was downgraded by Citigroup (NYSE:C) from a “Neutral” rating to a “Buy” rating. They have a price target of $12.00 on the company. They cited valuation as the catalyst behind the call.

Dollar Tree Inc. (DLTR) was downgraded by Morgan Stanley (NYSE:MS) to an “Equal Weight” rating. They cited valuation as the catalyst behind the call.

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