Analysts Downgrade 5 Big Tech Stocks at End of Trading Year

Wall St. Watchdog reveals information about companies for which stock analysts downgraded shares in the Technology sector for the week ending December 23rd, 2011.

American Tower (NYSE:AMT): Stifel Nicolaus downgraded its rating on this company to Buy and changed its price target to $72 on Dec 20th. The shares recently traded at $60.44, up $0.64, or 1.07% since the analyst’s rating. About the company: American Tower Corporation owns, operates, and develops wireless communications and broadcast towers in the United States. The Company leases antennae sites on multi-tenant towers for a diverse range of wireless communications industries, including personal communications services, paging, and cellular. American Tower also offers a variety of network development services. Get the most recent company news and stock data here >>

Oracle (NASDAQ:ORCL): Canaccord Genuity downgraded its rating on this company from Buy to Hold and changed its price target from $38 to $28 on Dec 21st. The shares recently traded at $26.06, up $0.29, or 1.13% since the analyst’s rating. About the company: Oracle Corporation supplies software for enterprise information management. The Company offers databases and relational servers, application development and decision support tools, and enterprise business applications. Oracle’s software runs on network computers, personal digital assistants, set-top devices, PCs, workstations, minicomputers, mainframes, and massively parallel computers. Get the most recent company news and stock data here >>

AT&T (NYSE:T): Argus downgraded its rating on this company from Buy to Hold on Dec 21st. The shares recently traded at $29.87, up $0.57, or 1.95% since the analyst’s rating. About the company: AT&T Inc. is a communications holding company. The Company, through its subsidiaries and affiliates, provides local and long-distance phone service, wireless and data communications, Internet access and messaging, IP-based and satellite television, security services, telecommunications equipment, and directory advertising and publishing. Get the most recent company news and stock data here >>

Teradata (NYSE:TDC): Oppenheimer downgraded its rating on this company from Outperform to Perform and changed its price target to $63 >> on Dec 21st. The shares recently traded at $48.97, up $1.27, or 2.66% since the analyst’s rating. About the company: Teradata Corporation provides data warehousing solutions, including enterprise analytic technologies and services. The Company’s data warehousing solutions are comprised of software, hardware, and related business consulting and support services. Get the most recent company news and stock data here >>

Manhattan Assoc (NASDAQ:MANH): The Benchmark Company downgraded its rating on this company from Buy to Hold on Dec 22nd. The shares recently traded at $41.71, up $0.24, or 0.58% since the analyst’s rating. About the company: Manhattan Associates, Inc. provides information technology solutions for distribution centers. The solutions are designed to enable the efficient movement of goods through the supply chain. The Company’s solutions optimize the receipt, storage, and distribution of inventory, as well as manage equipment and personnel within a distribution center. Get the most recent company news and stock data here >>

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com