DragonWave (DRWI) (DOW) (CNQR) (DV) (HOT) (HST) (IL) (LYB) Downgraded

DragonWave Inc. (NASDAQ: DRWI), The Dow Chemical Company (NYSE: DOW), Concur Technologies, Inc. (NASDAQ: CNQR), DeVry Inc. (NYSE: DV), Starwood Hotels (NYSE: HOT), Host Hotels & Resorts, Inc. (NYSE: HST), IntraLinks Holdings, Inc. (NYSE: IL) and LyondellBasell (NYSE: LYB) downgraded by analysts.

Concur Technologies, Inc. (CNQR) was downgraded by RBC Capital from an “Outperform” rating to an “Underperform” rating. They have a price target of $30.00 on the company, down from $54.00.

The Dow Chemical Company (DOW) was downgraded by Goldman Sachs (NYSE:GS) from a “Buy” rating to a “Neutral” rating.

DragonWave Inc. (DRWI) was downgraded by Jefferies (NYSE:JEF) from a “Buy” rating to a “Hold” rating. They have a price target of $3.50 on the company, down from $9.50.

DeVry Inc. (DV) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $53.00 on the company, down from $71.00.

Starwood Hotels (HOT) was downgraded by Jefferies from a “Buy” rating to a “Hold” rating. They have a price target of $42.00 on the company, down from $68.00.

Host Hotels & Resorts, Inc. (HST) was downgraded by Jefferies from a “Buy” rating to a “Jold” rating.

IntraLinks Holdings, Inc. (IL) was downgraded by Credit Suisse (NYSE:CS) to a “Neutral” rating.

LyondellBasell (LYB) was downgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Sell” rating.

LyondellBasell Industries (NYSE:LYB) Should Outperform in Second Half

LyondellBasell Industries (NYSE:LYB) may trade level during the first half of 2011, but according to Jefferies (NYSE:JEF), they see the company outperforming the broader market as expectations of another up-cycle in the petrochemical sector emerge.

Jefferies is their full year 2011 and 2012 EPS estimates to $2.95 and $3.80, citing leveraging as the catalyst.

For the fourth quarter of 2010, Jefferies is looking for a results to come in at $0.72, far above the $0.62 consensus.

Jefferies maintains a "Buy" rating on LyondellBasell, which closed Wednesday at $34.85, losing $0.02, or 0.06 percent. Jefferies raised their price target on them from $38 to $40.