Stock Downgrades: Run From the Robots of Intuitive Surgical, Inc.


Twenty-four hours after a Brit wins Wimbledon for the first time in 77 years , National Bank of Greece ( NBG ) surges 19.81% to top the entire NYSE. Cynics may say these are sure signs of the apocalypse but for now let's just sit back and enjoy. Among stocks in the news, Peabody Energy ( BTU ) jumped an S&P 500 (^GSPC)-best 4.91%. Its Chinese equivalent Sinocoking Coal ( SCOK ) fell 4.17% but it's only money; a new study shows the fossil fuel shaved fully half a decade off lives in the land of the one-child policy. And speaking of tiny tots, exactly nine months after Super Storm Sandy the sidewalks of New York abound with pregnant women . Unfortunately, newborn care company Natus Medical ( BABY ) isn't seeing any halo effect, having just slumped 13.23% to post the Nasdaq's (^IXIC) poorest performance.

There are no top-tier economic reports released today. On the earnings front, expect quarterly announcements out of Helen of Troy ( HELE ), Hi-Tech Pharmacal (HITK), and Wolverine World Wide (WWW).

AB Volvo (ADR) (VOLVY): JPMorgan moves the Swedish car company to Neutral from Overweight.

Acuity Brands, Inc. (AYI): Canaccord Genuity cuts the company to Hold from Buy.

Barrick Gold Corporation (USA) (ABX): More bad news for the slumping commodity company, downgraded to Hold from Buy at Stifel amid a precipitous plunge in bullion prices. Its $800 million annual dividend is a prime candidate to be cut in an environment of ongoing third quarter write-downs.

Canadian National Railway (USA) (CNI): Shares are slashed to Sector Perform from Outperform at CIBC World Markets.

E I Du Pont De Nemours And Co (DD): Chemicals company DuPont, a key Dow (^DJI) component, gets cut to Neutral from Outperform at Macquarie.

Gentex Corporation (GNTX): Robert W. Baird reduces its rating to Neutral from Buy.

Helmerich & Payne, Inc. (HP): Jefferies reduces its rating to Hold from Buy.

International Business Machines Corp. (IBM): Big blues for big blue, with the blue chip tech name taken to Neutral from Buy at Goldman Sachs.

Intuitive Surgical, Inc. (ISRG): The maker of da Vinci medical robots, imploding 14.70% as I write after issuing iffy earnings guidance, gets downgraded to Hold from Buy at Canaccord Genuity. Hospital capital spending constraints are a genuine concern, the broker believes.

Nokia Corporation (ADR) (NOK): Swedbank takes the Finnish telecom firm to Neutral from Buy.

Quest Diagnostics Inc (DGX): Morgan Stanley moves the stock to Underweight from Equal-Weight.

Ryder System, Inc. (R): Shares are downgraded to Hold from Buy at BB&T Capital.

Siemens AG (ADR) (SI): The German firm is trading higher in Europe today after a Hold-from-Sell hoist at Deutsche Bank.

Wells Fargo & Co (WFC): Shares are now Neutral from Positive at Susquehanna.

(See also: New Stock Coverage: Denture Maker Prestige Brands Holdings, Inc. Puts Its Money Where Its Mouth Is and Stock Upgrades: Hewlett-Packard Company Continues Its Impressive Turnaround . )

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Stocks

Referenced Stocks: BABY , BTU , HELE , NBG , SCOK



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