Friday, October 28, 2011

Aixtron (AIXG) (ARBA) (AVID) (AVP) (BBD) (BMY) Downgraded

Aixtron AG (NASDAQ: AIXG), Ariba, Inc. (NASDAQ: ARBA), Avid Technology, Inc. (NASDAQ: AVID), Avon Products, Inc. (NYSE: AVP), Banco Bradesco SA (NYSE: BBD) and Bristol Myers Squibb Co. (NYSE: BMY) were downgraded by analysts.

Sterne Agee downgraded Aixtron AG (AIXG) from a “Buy” rating to a “Neutral” rating.

Craig Hallum downgraded Ariba, Inc. (ARBA) from a “Buy” rating to a “Hold” rating.

Brigantine downgraded Avid Technology, Inc. (AVID) from a “Buy” rating to a “Hold” rating. They have a price target of $8.00 on them.

UBS AG (NYSE:UBS) downgraded Avon Products, Inc. (AVP) from a “Buy” rating to a “Neutral” rating. They have a price target of $20.00 on them.

HSBC (NYSE:HBC) downgraded Banco Bradesco SA (BBD) from an “Overweight” rating to a “Neutral” rating.

Credit Suisse (NYSE:CS) downgraded Bristol Myers Squibb Co. (BMY) from an “Outperform” rating to an “Underperform” rating.

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