Ratings on BBVA Banco Frances S.A. (NYSE: BFR), Boardwalk Pipeline Partners (NYSE: BWP), DISH (NASDAQ: DISH), China Unicom Hong Kong (NYSE: CHU) and Community Health Systems (NYSE: CYH) were downgraded today by analysts.
Raymond James (NYSE:RJF) downgraded BBVA Banco Frances S.A. (BFR) from an “outperform” rating to a “market perform” rating.
UBS AG (NYSE:UBS) downgraded Boardwalk Pipeline Partners (BWP) from a “buy” rating to a “neutral” rating.
Hudson Square Research downgraded shares of DISH (DISH) from a “buy” rating to a “hold” rating.
Macquarie downgraded China Unicom Hong Kong (CHU) to an “underperform” rating.
Raymond James downgraded Community Health Systems (CYH) from an “outperform” rating to a “market perform” rating.
Tuesday, May 3, 2011
Ratings on (BFR) (BWP) (DISH) (CHU) (CYH) Downgraded by Analysts
Tuesday, March 29, 2011
JPMorgan (JPM), Citi (C) Land Lloyds (LYG) Branch Sale
JPMorgan (NYSE:JPM) and Citigroup (NYSE:C) have been chosen by Lloyds Banking Group Plc (NYSE:LYG) to manage the sale of 600 branches of the British-based bank.
Lloyds said in a statement, "The group will now work with the appointed advisers to leverage their significant experience in funding activity and provide potential funding arrangements for the buyers of the Divestment Business."
The sale of the branches is a forced sale as a result of the bailout the company received from British taxpayers.
CEO Antonio Horta-Osorio said, "There has already been considerable interest in the Divestment Business."
Among banks interested in the branches of Lloyds are NBNK Investments Plc (NBNK), Spain's BBVA (BBVA) Virgin Money and National Australia Bank Ltd (NAB).
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