Tuesday, December 20, 2011

Ctrip (CTRP) (SZEVY) (TEF) (VRUS) (ABMD) (CALX) Downgraded

Ctrip.com International, Ltd. (NASDAQ: CTRP), SUEZ ENVIRONNEMENT (OTC: SZEVY), Telefonica SA (NYSE: TEF), Pharmasset (NASDAQ: VRUS), Abiomed (NASDAQ: ABMD) and Calix Networks (NASDAQ: CALX) were downgraded by analysts.

SUEZ ENVIRONNEMENT (SZEVY) was downgraded by Credit Suisse (NYSE:CS) from an “Outperform” rating to a “Neutral” rating.

Telefonica SA (TEF) was downgraded by HSBC (NYSE:HBC) from an “Overweight” rating to a “Neutral” rating.

Pharmasset (VRUS) was downgraded by William Blair to a “Market Perform” rating.

Abiomed (ABMD) was downgraded by Rodman & Renshaw from a “Market Perform” rating to an “Underperform” rating. They have a price target of $13.00 on the company.

Calix Networks (CALX) was downgraded by Morgan Stanley (NYSE:MS) from an “Equal Weight” rating to an “Underweight” rating.

Ctrip.com International, Ltd. (CTRP) was downgraded by Mizuho from a “Buy” rating to a “Neutral” rating.

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