Top Analyst Downgrades (BBY, KO, EBAY, GILD, IGT, MAC, SUN, TSO, VRTU)

July 18, 2008 by Douglas A. McIntyre

These are not all of the Downgrades or negative analyst calls seen this morning but these are some of the top calls seen this Friday morning:

  • Best Buy (NYSE: BBY) Cut to Outperform from Top Pick at RBC Capital.
  • Coca Cola (NYSE: KO) removed from Goldman Sachs Conviction Buy List.
  • EBay (NASDAQ: EBAY) Cut to Neutral from Buy at Goldman Sachs.
  • Gilead Sciences (NASDAQ: GILD) Cut to Hold from Buy at Jefferies.
  • International Game Technology (NYSE: IGT) Cut to Hold from Buy at Citigroup; Cut to Perform at Oppenheimer.
  • Macerich (NYSE: MAC) Cut To Neutral From Buy By Goldman Sachs
  • Sunoco (NYSE: SUN) and Tesoro (NYSE: TSO) Cut to Market Perform from Outperform at Bernstein.
  • Virtusa (NASDAQ: VRTU) Cut to Neutral from Overweight at JPMorgan.

Jon C. Ogg
July 18, 2008