Stock Downgrades: Will Obamacare Put UnitedHealth in Intensive Care?
A frenetic week for third quarter earnings announcements finishes with General Electric (GE), Honeywell (HON), Morgan Stanley (MS), and Schlumberger (SLB) all releasing results.
Advanced Micro Devices (AMD): Bank of America-Merrill Lynch lowers the semiconductor stock to Neutral from Buy.
Alpha Natural Resources (ANR): The coal company gets cut to Underperform from Perform by BMO Capital.
Aspen Technology (AZPN): Shares are moved to Neutral from Overweight at JPMorgan.
Baxter International (BAX): Raymond James reduces its rating on the medical device maker to Market Perform from Outperform.
Fairchild Semiconductor (FCS): The stock gets downgraded to Hold from Buy at Canaccord Genuity.
International Business Machines ( IBM ): Another day, another downgrade for Big Blue, which slumped 6.36% even amid yesterday's overall ebullience in equities. Today it is taken to Hold from Buy at Argus.
Intuitive Surgical (ISRG): Shares, slumping before the bell, are slashed to Underperform from Market Perform at Northland Capital. Increased R&D spending is among a multitude of concerns and its price objective, previously $370, is taken to $275.
Las Vegas Sands (LVS): LVS is lowered to Hold from Buy at Craig Hallum.
Panera Bread (PNRA): Wedbush cuts the fast food firm to Neutral from Outperform.
RDA Microelectronics (RDA): RDA gets reduced to Hold from Buy at Canaccord Genuity.
Sanofi-Aventis (NYSESNY): The pharmaceutical firm is lowered to Perform from Outperform at Leerink Swann.
Tesco (OTCMKTS:TSCDY): Cantor Fitzgerald cuts the English grocery giant to Hold from Buy.
Total (TOT): The French oil firm is now Neutral from Buy at UBS.
UnitedHealth (UNH): The key Dow (INDEXDJX:.DJI) component, which fell 5.03% yesterday amid earnings and Affordable Care Act concerns , is cut to Hold from Buy at Cantor Fitzgerald.
William Hill (OTCMKTS:WIMHY): The British bookmaker is lower in today's London trading after being taken to Underweight from Equal Weight at JPMorgan.
(See also: New Stock Coverage: Iffy End to the Week for Finish Line and Stock Upgrades: Amazon's Jeff Bezos Laughs All the Way to the Bank )