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	<title>Stock Blog Hub &#187; downgrade</title>
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		<title>(MICC) Millicom International Cellular S.A. Shares Downgraded to Underperform</title>
		<link>http://www.stockbloghub.com/2011/01/21/micc-millicom-international-cellular-s-a-shares-downgraded-to-underperform/65496</link>
		<comments>http://www.stockbloghub.com/2011/01/21/micc-millicom-international-cellular-s-a-shares-downgraded-to-underperform/65496#comments</comments>
		<pubDate>Fri, 21 Jan 2011 17:12:43 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[Telecom Services - Foreign]]></category>
		<category><![CDATA[America Movil S.A.B. de C.V.]]></category>
		<category><![CDATA[AMX]]></category>
		<category><![CDATA[downgrade]]></category>
		<category><![CDATA[France Telecom]]></category>
		<category><![CDATA[FTE]]></category>
		<category><![CDATA[MICC]]></category>
		<category><![CDATA[Millicom International Cellular SA]]></category>
		<category><![CDATA[TEF]]></category>
		<category><![CDATA[Telefonica SA]]></category>
		<category><![CDATA[VOD]]></category>
		<category><![CDATA[Vodafone Group plc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=65496</guid>
		<description><![CDATA[We downgrade our recommendation for Millicom International Cellular S.A. (MICC) to Underperform based on its current valuation. The stock price has moved up by nearly 40% in the past year and is trading at its 52-week high at present. With respect to several valuation metrics, Millicom is trading at significantly higher multiples compared to both the S&#38;P 500 average and the industry average. We believe increasing competition in the telecom sector in the emerging markets may generate volatile revenue trends. Millicom is giving a major thrust to its African operations for future growth. However, Africa is seeing increased competition. Global telecom giant Vodafone Group Plc. (VOD), South MTN Group Ltd, Bharti Airtel and France Telecom S.A. (FTE) are existing players in this market. The company’s Central/Latin American operations are also ]]></description>
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		<title>(WIN) Windstream Communications Analyst Reduces Shares to Underperform</title>
		<link>http://www.stockbloghub.com/2010/11/25/win-windstream-communications-analyst-reduces-shares-to-underperform/59985</link>
		<comments>http://www.stockbloghub.com/2010/11/25/win-windstream-communications-analyst-reduces-shares-to-underperform/59985#comments</comments>
		<pubDate>Fri, 26 Nov 2010 04:50:19 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[Telecom Services - Domestic]]></category>
		<category><![CDATA[AT&T Inc.]]></category>
		<category><![CDATA[CMCSA]]></category>
		<category><![CDATA[Comcast Corporation]]></category>
		<category><![CDATA[downgrade]]></category>
		<category><![CDATA[T]]></category>
		<category><![CDATA[Time Warner Cable Inc.]]></category>
		<category><![CDATA[TWC]]></category>
		<category><![CDATA[Verizon Communications Inc.]]></category>
		<category><![CDATA[VZ]]></category>
		<category><![CDATA[WIN]]></category>
		<category><![CDATA[Windstream Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=59985</guid>
		<description><![CDATA[We are downgrading our long-term recommendation on Windstream Communication (WIN), the fifth largest local telephone carrier in the U.S, to Underperform from Neutral on account of highly leverage balance sheet. Currently, the stock has a Zacks Rank # 3 (Hold), which signifies that for the short term (1-3 months), we are currently maintaining our Hold rating. Windstream’s ongoing acquisitions to expand its coverage markets and subscriber count are vital for its survival in an industry that is consolidating. These acquisitions have strained the balance sheet as the company is predominantly funding most of them with debt. Windstream had roughly $6.6 billion in total debt at the end of the third quarter (up from $6.3 billion at the end of 2009). In the third quarter of 2010, Windstream reported adjusted earnings ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>(IGT) International Game Technology Downgraded to Underperform</title>
		<link>http://www.stockbloghub.com/2010/11/01/igt-international-game-technology-downgraded-to-underperform/55594</link>
		<comments>http://www.stockbloghub.com/2010/11/01/igt-international-game-technology-downgraded-to-underperform/55594#comments</comments>
		<pubDate>Mon, 01 Nov 2010 18:12:13 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Computer Systems]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Bally Technologies]]></category>
		<category><![CDATA[BYI]]></category>
		<category><![CDATA[downgrade]]></category>
		<category><![CDATA[IGT]]></category>
		<category><![CDATA[International Game Technology]]></category>
		<category><![CDATA[WMS]]></category>
		<category><![CDATA[WMS Industries Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=55594</guid>
		<description><![CDATA[We have downgraded International Game Technology Inc. (IGT) to Underperform from our previous Neutral rating since replacements of gaming machines are likely to remain weak over the next year. We lower our price target to $13.00, indicating that the company would perform below the broader market. Moreover, a continued lack of visibility for replacement demand,  impact of interest rates on Gaming margin, weak casino budgets and lower spending plans for 2010 have led analysts lower their revenues and earnings per share (EPS) estimates for fiscal 2010. EPS estimate for the fourth quarter 2010 (current quarter) has fallen by 13.6% in the last three months to 19 cents. EPS estimate for the full year has been decreased by 4.5% to 84 cents since the last quarter. Moreover, the highly leveraged balance ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ARRS) Arris Group Analyst Downgrades Stock to Underperform</title>
		<link>http://www.stockbloghub.com/2010/08/11/arrs-arris-group-analyst-downgrades-stock-to-underperform/47632</link>
		<comments>http://www.stockbloghub.com/2010/08/11/arrs-arris-group-analyst-downgrades-stock-to-underperform/47632#comments</comments>
		<pubDate>Thu, 12 Aug 2010 05:27:30 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Communication Equipment]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Arris Group Inc]]></category>
		<category><![CDATA[ARRS]]></category>
		<category><![CDATA[Cisco Systems]]></category>
		<category><![CDATA[CSCO]]></category>
		<category><![CDATA[downgrade]]></category>
		<category><![CDATA[ERIC]]></category>
		<category><![CDATA[Lm Ericsson Telephone Company]]></category>
		<category><![CDATA[MOT]]></category>
		<category><![CDATA[Motorola Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=47632</guid>
		<description><![CDATA[We downgrade our recommendation for Arris Group Inc. (ARRS) to Underperform, following its disappointing second quarter 2010 financial results. Both revenues and EPS fell below the Zacks Consensus Estimates. Arris is solely dependent on cable operators for its revenues. Most of the cable operators in the U.S. are on the verge of full deployment of high-speed DOCSIS 3.0 networks. This in turn significantly reduces the high margin Cable Modem Termination System (CMTS) business of Arris. In the second quarter 2010, the company suffered adverse product-mix from CMTS to low-margin cable modems and voice enabled E-MTAs. Video-on-demand and advertising system revenues also suffered a setback due to less-than-expected project approval. Order backlog and book-to-bill ratio declined a lot from the previous quarter. Management has provided a tepid financial outlook. Additionally, the ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>(BBY) Best Buy Analysts Downgrade the Stock</title>
		<link>http://www.stockbloghub.com/2010/03/17/bby-best-buy-analysts-downgrade-the-stock/30909</link>
		<comments>http://www.stockbloghub.com/2010/03/17/bby-best-buy-analysts-downgrade-the-stock/30909#comments</comments>
		<pubDate>Wed, 17 Mar 2010 22:25:08 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Electronics Stores]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[BBY]]></category>
		<category><![CDATA[Best Buy Company Inc]]></category>
		<category><![CDATA[downgrade]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=30909</guid>
		<description><![CDATA[We recently downgraded our rating on Best Buy Company Inc. (BBY) to Neutral from Outperform with a target price of $41.00. Consumers, grappling with the recent downturn and lower disposable income, are now prioritizing their purchases. Best Buy sells products that are more discretionary in nature. We expect moderate sales growth for a few years. The company also hinted that its fourth-quarter 2010 domestic gross margin will be lower than anticipated. Further we notice that Best Buy’s international comparable-store sales have been falling. However, Best Buy’s dominant position in the consumer electronic business enables it to sustain growth in the top-line, expand store base, and boost market share. Despite the economic downturn, the company was able to increase its market share both domestically (up 2.3%) and internationally in third-quarter 2010. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/17/bby-best-buy-analysts-downgrade-the-stock/30909/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(E) Eni SpA Analysts Downgrade The Stock</title>
		<link>http://www.stockbloghub.com/2010/03/17/e-eni-spa-analysts-downgrade-the-stock/30944</link>
		<comments>http://www.stockbloghub.com/2010/03/17/e-eni-spa-analysts-downgrade-the-stock/30944#comments</comments>
		<pubDate>Wed, 17 Mar 2010 22:23:59 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[downgrade]]></category>
		<category><![CDATA[E]]></category>
		<category><![CDATA[Eni SpA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=30944</guid>
		<description><![CDATA[We are downgrading Eni SpA (E) ADRs to Underperform from Neutral. Our primary concerns for the company are the lack of a clear dividend policy, a declining dividend yield trend, cyclical low returns, threat of rising competition to its core gas business and the quality of its upstream growth profile. In its March 12 presentation of 2010–2013 strategic plans, Eni had lowered its production growth target to 2.5% from 3.5%. We believe that this growth target carries a higher degree of delivery risk as the bulk of it comes from risky projects in Iraq, Venezuela and Kazakhstan. In addition, management also hinted about a lower earnings visibility for its gas trading business. Eni has guided to a dividend growth in line with the OECD inflation from 2011 at a $65 ]]></description>
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		<slash:comments>0</slash:comments>
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