Wednesday, July 6, 2011

Goldcorp (GG) (SSRI) (TC) (JBLU) (KBH) Downgraded

Goldcorp Inc. (NYSE: GG), Silver Standard Resources Inc. (NASDAQ: SSRI), Thompson Creek Metals Co Inc (NYSE: TC), Jetblue Airways (NASDAQ: JBLU) and KB Home (NYSE: KBH) were downgraded by analysts.

Deutsche Bank (NYSE:DB) downgraded Goldcorp Inc. (GG) from a “buy” rating to a “hold” rating.

Deutsche Bank downgraded Silver Standard Resources Inc. (SSRI) from a “buy” rating to a “hold” rating.

Deutsche Bank downgraded Thompson Creek Metals (TC) from a “buy” rating to a “hold” rating.

Morgan Stanley (NYSE:MS) downgraded Jetblue Airways Corporation (JBLU) to an “underweight” rating.

Keefe, Bruyette & Woods downgraded KB Home (KBH) from a “market perform” rating to an “underperform” rating. They have a price target of $9.00 on the company, down from $13.00.

Goldcorp closed Tuesday at $49.32, gaining $1.88, or 3.96 percent. Silver Standard Resources closed at $27.02, jumping $0.75, or 2.85 percent. Thompson Creek Metals closed at $10.10, falling $0.03, or 0.30 percent. Jetblue Airways ended the day at $5.96, losing $0.29, or 4.64 percent. KB Home closed at $9.92, down $0.25, or 2.46 percent.

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