Bank of America (NYSE: BAC), Comerica (NYSE: CMA), Denbury Resources Inc. (NYSE: DNR), Diana Shipping Inc. (NYSE: DSX), Peet's Coffee & Tea Inc (NASDAQ: PEET) and WMS Industries Inc. (NYSE: WMS) were downgraded by analysts.
Bank of America (BAC) was downgraded by Wells Fargo & Co. (NYSE:WFC) from an “Outperform” rating to a “Market Perform” rating.
Comerica (CMA) was downgraded by Wells Fargo & Co. from an “Outperform” rating to a “Market Perform” rating.
Denbury Resources Inc. (DNR) was downgraded by SunTrust (NYSE:STI) from a “Buy” rating to a “Neutral” rating.
Diana Shipping Inc. (DSX) was downgraded by Morgan Keegan from an “Outperform” rating to a “Market Perform” rating. They have a price target of $8.50 on the company, down from $14.00.
Peets Coffee & Tea Inc. (PEET) was downgraded by Gabelli from a “Buy” rating to a “Hold” rating.
WMS Industries Inc. (WMS) was downgraded by Credit Suisse (NYSE:CS) from an “Outperform” rating to a “Neutral” rating.
Monday, August 8, 2011
BofA (BAC) (CMA) (DNR) (DSX) (PEET) (WMS) Downgraded
Tuesday, April 26, 2011
Volterra (VLTR) (PEET) (PLXT) TXN) Downgraded on April 26
Shares of Volterra Semi (NASDAQ: VLTR), Peet S Coffee & Tea Inc (NASDAQ: PEET), PLX Technology Inc (NASDAQ: PLXT) and Texas Instruments (NYSE: TXN) were all downgraded on April 26 by several brokerages.
Robert W. Baird downgraded Peet S Coffee & Tea Inc (PEET) from an “Outperform” rating to a “Neutral” rating. They have a price target of $48.00 on Peet S Coffee & Tea Inc, down from the prior $53.
Northland Securities downgraded PLX Technology Inc (PLXT) from an “Outperform” rating to a “Market Perform” rating. They have a price target of $4.00 on PLX Technology, down from the previous $5.
BNP Paribas downgraded Texas Instruments (TXN) from an “Outperform” rating to a “Neutral” rating.
Brigantine downgraded Volterra Semi (VLTR) from a “Buy” rating to a “Hold” rating.
Thursday, March 10, 2011
Green Mountain (GMCR), Starbucks (SBUX) Shares Soar on K-Cup Deal
Shares of Green Mountain (NASDAQ:GMCR) and Starbucks (NASDAQ:SBUX) are surging today on news the two companies consummated their deal to offer Starbucks coffee and its Tazo tea in Keurig’s K-Cup portion packs.
Starbucks rival Peet’s Coffee & Tea (NASDAQ:PEET), on the other hand, was getting crushed, as realization there was very little likelihood the company will be able to make a K-Cup deal with Green Mountain.
The deal was partially pursued on the part of Starbucks in order to expand its reach in the fast-growing single-cup coffee market and increase distribution.
Peet's was trading at $42.67, down $5.38, or 11.20 percent, as of 12:41 PM EST. Starbucks was trading at $37.60, gaining $3.06, or 8.86 percent. Green Mountain was at $60.50, soaring $16.86, or 38.63 percent.