Stock Downgrades: McGraw-Hill Has Mountain To Climb - Minyanville

In a session that should have been?all about the Benjamins, Wall Street?s recently reliable money making machine suddenly ground to a halt. On an otherwise desultory day for the Dow (^DJI), Microsoft (MSFT) did gain 3.79%, as a?bunch of German jocks proved far more proficient with PowerPoint?that a?couple of Harvard economists just did with Excel.
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Mr. Softie, of course, instituted dividends years ago; a penny for its thoughts as?an utterly unloved?Apple Inc. (AAPL) (Steve Jobs of Bill Gates: ?He just shamelessly ripped off other people?s ideas?) apes it by becoming a dividend play. And a day after Twitter?s hacked bluebird temporary grounded stocks,?Red Robin?(RRGB) rose 2.92% on an analyst upgrade?and Boeing (BA) hit a half-decade high. Pity?none of us can fly at the moment.
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The single busiest day of earnings season has arrived with Amazon (AMZN), AstraZeneca (AZN), Bristol-Myers Squibb (BMY), Coca-Cola (KO), ConocoPhillips?(COP),?Exxon Mobil?(XOM),?Gazprom?(PINK: OGZPY),?JetBlue Airways (JBLU), Starbucks (SBUX), and United Parcel Service?(UPS) all due to report results.
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Air Products?(APD): Shares are now Neutral from Overweight at Atlantic Equities.
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Buckeye Technologies?(BKI): RBC Capital reduces its recommendation to Sector Perform from Outperform.
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Cullen/Frost Bankers?(CFR): FBC Capital cuts the company to Underperform from Perform, trimming its target price by $2 to $56 in the process. First quarter results were weaker than expected amid NIM (Net Interest Margin) pressure.
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First Solar?(FSLR): Yesterday?s top S&P 500?(^GSPC) stock is today lowered to Underperform from Market Perform at Raymond James.
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Hatteras Financial?(HTS): The residential Real Estate Investment Trust gets moved to Market Perform from Outperform by Keefe Bruyette.
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Interface?(TILE): Raymond James takes TILE to Market Perform from Outperform.
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Intuit?(INTU): The TurboTax owner is downgraded by both Citigroup (Neutral from Buy) and JPMorgan (Neutral from Overweight.)
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McGraw-Hill?(NYSE:MHP): Jefferies reduces the Standard & Poor?s ratings agency owner to Hold from Buy.
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Mellanox Technologies?(MLNX): Shares are moved to Neutral from Buy at Mizuho, which notes a troubling lack of catalysts and uncertain visibility regarding large deals.
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Noranda Aluminum?(NOR): NOR is now Neutral from Buy at Bank of America-Merrill Lynch.
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SEI Investments?(SEIC): Keefe Bruyette cuts the asset management company to Market Perform from Outperform.
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TC Pipelines?(TCP): TCP gets taken to Neutral from Buy at Bank of America-Merrill Lynch.
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T. Rowe Price Group?(TROW): Shares are now Market Perform from Outperform with Wells Fargo.
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Valley National?(VLY): Keefe Bruyette reduces the regional bank to Underperform from Market Perform.
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VMware?(VMW): The tech stock is taken to Underperform from Market Perform by Sanford Bernstein, one of several downgrades this morning.
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Western Digital?(WDC): Brokerage boutique Craig-Hallum downgrades WDC to Hold from Buy.

(See also: New Stock Coverage: Sink Your Teeth Into Diamondback Energy and Stock Upgrades: Yesterday?s Mutiny Provides Bounty for P&G Shareholders.)

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Source: http://www.minyanville.com/trading-and-investing/stocks/articles/Stock-Downgrades253A-McGraw-Hill-Has-Mountain/4/25/2013/id/49472

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