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Tuesday, July 15, 2008 --- 45 days ago http://www.bloggingstocks.com/2008/07/14/analyst-downgrades-wb-db-pso-trin-hot-g
.gif) Filed under: Analyst reports , Analyst upgrades and downgrades , Wachovia Corp (WB) , Starwood Hotels Worldwide (HOT) MOST NOTEWORTHY: Wachovia, Deutsche Bank and Pearson plc were today's noteworthy downgrades: UBS believes it is increasingly likely that Wachovia Bank (NYSE: WB ) will need to raise capital. The firm said the company may need to raise $5B in equity and cuts its dividend to 1c, which will save $3B annually. UBS cut shares to Neutral from Buy and lowered its 2008 EPS estimate to ($1.98). Morgan Stanley downgraded shares of Deutsche Bank (NYSE: DB ) to Underweight from Equal Weight as they believe DB may have to increase its tier 1 ratio, which could lead to dividend cuts or asset sales. Deutsche Bank downgraded Pearson (NYSE: PSO ) to Sell from Hold as they believe the weak funding environment for Education will slow earnings growth. OTHER DOWNGRADES: UBS lowered Thomson Reuters (NASDAQ: TRIN ) to Sell from Neutral. Starwood Hotels (NYSE: HOT ) and Gaylord Entertainment (NYSE: GET ) were downgraded to Sell from Neutral at Goldman Sachs. Permalink | Email this | Linking Blogs | Comments ... |
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