NVR (NVR) (OSG) (OWW) (BPI) (CACH) (CBM) Downgraded

NVR (NYSE: NVR), Overseas Shipholding Group (NYSE: OSG), Orbitz Worldwide (NYSE: OWW), Bridgepoint Education (NYSE: BPI), Cache (NASDAQ: CACH) and Cambrex (NYSE: CBM) were downgraded by analysts.

NVR (NVR) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.

Overseas Shipholding Group (OSG) was downgraded by Wells Fargo & Co. (NYSE:WFC) from an “Outperform” rating to a “Market Perform” rating.

Orbitz Worldwide (OWW) was downgraded by Zacks Investment Research from a “Neutral” rating to an “Underperform” rating.

Bridgepoint Education (BPI) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.

Cache (CACH) was downgraded by Sterne Agee from a “Buy” rating to a “Neutral” rating. They have a price target of $7.00 on the company.

Cambrex (CBM) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.

Orbitz (OWW) Loses Enterprise Holdings as Customer

Orbitz Worldwide (NYSE:OWW) has lost Enterprise Holdings - which operates Alamo Rent A Car, National Car Rental, and Enterprise Rent-A-Car brands - as a customer, with Enterprise saying the commission rates now being asked for are "unacceptably high."

Pam Nicholson, chief operating officer of Enterprise, said in a statement, "Their position greatly limits consumer choice and makes renting a car less affordable. It is also punitive towards rental car brands that have contributed to Orbitz's success for many years."

Orbitz, an online travel company that competes with Expedia Inc (NASDAQ:EXPE) and Priceline.com (NASDAQ:PCLN), said it was unable to reach a new deal with Enterprise after the previous contract expired.

It said, "Orbitz has replaced Enterprise Holdings with other suppliers that better serve the needs of our customers. Moving forward, we will continue to give customers choice among a robust selection of car rental options - including Hertz, Avis, Budget, Dollar, Thrifty, Advantage and other leading suppliers - that will fully meet travelers' needs."

Orbitz was trading at $3.595, up $0.005, or 0.14 percent, as of 1:36 PM EDT.




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American Airlines (NYSE:AMR) Drops Orbitz American Airlines (NYSE:AMR) Drops Orbitz (NYSE:OWW) Travel Website

Customers of American Airlines (NYSE:AMR) will no longer be able to use Orbitz (NYSE:OWW) travel website as a means of securing tickets for traveling with the airline, but existing tickets held by consumers will be honored, said the airline.

American Airlines also won't sell tickets via Orbitz for Business site either.

The reasoning behind it is the way Orbitz draws information concerning flights. American Airlines wanted them to extract the information directly from them so they wouldn't have to pay extra fees to global distribution companies.

That would allow American to slash costs and to customize offers to its customers, including car rentals and hotel accommodations.

American's vice president for sales, Derek DeCross, said they must be "free to customize its product offerings to improve the customer experience as well as distribute its products in a way that does not result in unnecessary costs."

AMR closed Tuesday at $8.05, up $0.14, or 1.77 percent.