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Friday, December 16, 2011

First Solar (FSLR) (IVC) (LAVA) (LH) (LUFK) (NKSH) (NVLS) (PUK) Downgraded

First Solar, Inc. (NASDAQ: FSLR), Invacare Co. (NYSE: IVC), Magma Design (NASDAQ: LAVA), Laboratory Corp. of America (NYSE: LH), Lufkin Industries Inc. (NASDAQ: LUFK), National Bankshares Inc. (NASDAQ: NKSH), Novellus Systems, Inc. (NASDAQ: NVLS) and Prudential Public (NYSE: PUK) were downgraded by analysts.

First Solar, Inc. (FSLR) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $35.00 on the company, down from $80.00.

Invacare Co. (IVC) was downgraded by Zacks Investment Research from a “Neutral” rating to an “Underperform” rating.

Magma Design (LAVA) was downgraded by Needham & Company from a “Buy” rating to an “Underperform” rating.

Laboratory Corp. of America (LH) was downgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Sell” rating.

Lufkin Industries Inc. (LUFK) was downgraded by Howard Weil from an “Outperform” rating to a “Market Perform” rating. They have a price target of $75.00 on the company, up from $60.00.

National Bankshares Inc. (NKSH) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.

Novellus Systems, Inc. (NVLS) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating. They have a price target of $44.00 on the company, up from $38.00.

Prudential Public (PUK) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.

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