Thursday, June 9, 2011

Ratings on (SPWRA) (FST) (VSEA) (CLX) (GPS) Downgraded

Ratings on SunPower Co. (NASDAQ: SPWRA), Forest Oil Co. (NYSE: FST), Varian Semi (NASDAQ: VSEA), Clorox Co (NYSE: CLX) and The Gap Inc. (NYSE: GPS) downgraded by analysts.

Jefferies (NYSE:JEF) downgraded SunPower Co. (SPWRA) from a “buy” rating to a “hold” rating. They have a price target of $19.00 on the company, down from $26.00.

Susquehanna downgraded Forest Oil Co. (FST) from a “positive” rating to a “neutral” rating.

Barclays Capital downgraded Varian Semi (VSEA) from an “overweight” rating to an “equal weight” rating. They have a price target of $63.00 on the company, up from $52.00.

Morgan Stanley (NYSE:MS) downgraded Clorox Co (CLX) to an “underweight” rating. They have a price target of $63.00 on the company. They cited valuation as the catalyst behind the call.

Barclays Capital downgraded The Gap Inc. (GPS) from an “overweight” rating to an “equal weight” rating. They have a price target of $17.00 on the company, down from $22.00.

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