Hormel (HRL) (GGP) (HMA) (IFNNY) (IN) Downgraded

Hormel Foods Co. (NYSE: HRL), General Growth Properties, Inc (NYSE: GGP), Health Management Associates (NYSE: HMA), Infineon Technologies AG (NASDAQ: IFNNY) and Intermec Inc. (NYSE: IN) downgraded by analysts.

General Growth Properties, Inc. (GGP) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating.

Health Management Associates (HMA) was downgraded by CRT Capital to a “Buy” rating.

Hormel Foods Co. (HRL) was downgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Sell” rating.

Infineon Technologies AG (IFNNY) was downgraded by WestLB from a “Buy” rating to a “Neutral” rating.

Intermec Inc. (IN) was downgraded by Avian from a “Positive” rating to a “Neutral” rating.

Ratings on (GNK) (ICE) (IN) (MDAS) (MET) Reiterated by Analysts

Ratings on Genco Shipping & Trading Ltd (NYSE: GNK), IntercontinentalExchange (NYSE: ICE), Intermec Inc. (NYSE: IN), MedAssets, Inc. (NASDAQ: MDAS) and MetLife, Inc. (NYSE: MET) were reiterated by analysts today.

Deutsche Bank (NYSE:DB) reiterated a “hold” rating on Genco Shipping & Trading Ltd (GNK). They have a price target of $8.00 on the company.

Jefferies (NYSE:JEF) reiterated a “hold” rating on IntercontinentalExchange (ICE). They have a price target of $130.00 on the company.

Morgan Keegan reiterated an “outperform” rating on Intermec Inc. (IN). They have a price target of $13.50 on the company.

Oppenheimer reiterated an “outperform” rating on MedAssets, Inc. (MDAS). They have a price target of $21.00 on the company.

JPMorgan Chase & Co. (NYSE:JPM) reiterated an “outperform” rating on MetLife, Inc. (MET). They have a price target $51.00 on the company.

Micron (MU) Names Intermec (IN) CEO Byrne to Board

Intermec Inc. (NYSE:IN) CEO and president Patrick Byrne has been named to the board of directors of Micron Technology Inc. (NASDAQ:MU).

According to Micron when they released the news, Byrne will joint the board immediately.

Intermec is a supply chain management firm which Byrne has headed since July 2007. He has also worked for Hewlett-Packard (NYSE:HPQ) and Agilent Technologies (NYSE:A) for 24 years before that.

Byrne sits on two other boards as well, including Samuel Ginn College of Engineering at Auburn University and Flow International.

Micron closed Thursday at $11.14, falling $0.10, or 0.89 percent.