Bank Analysts Downgrade These Shares on August 5th

Following is information on companies for which stock analysts downgraded shares today, August 5th:

  • Health Management (NYSE:HMA): Argus downgraded its rating on these shares from Buy to Hold.  No price target was given.  About the company: Health Management Associates Inc. operates general acute care hospitals in rural communities located primarily in the southeastern and southwestern United States. The Company’s facilities offer a wide range of medical and surgical services.
  • WMS Industries (NYSE:WMS): KeyBanc Capital Mkts downgraded its rating on these shares from Buy to Hold.  No price target was given.  About the company: WMS Industries Inc. designs, manufactures, sells, and leases gaming machines and video lottery terminals. The Company’s products are distributed throughout the United States and internationally.
  • Diana Shipping (NYSE:DSX): Morgan Keegan downgraded its rating on these shares from Outperform to Mkt Perform and changed its price target from $14 to $8.5.  About the company:  Diana Shipping Inc. owns and operates a fleet of dry bulk carriers. The company transports iron ore, grain and other dry cargoes along worldwide shipping routes.
  • Cogo Group (NASDAQ:COGO): Needham downgraded its rating on these shares from Strong Buy to Hold.  No price target was given.  About the company: Cogo Group Inc. provides design solutions to telecom equipment, mobile device, and consumer electronic manufacturers in China.
  • Dolby Labs (NYSE:DLB): Collins Stewart downgraded its rating on these shares from Buy to Neutral and changed its price target to $45.  About the company: Dolby Laboratories Inc. develops audio signal processing systems for the motion picture, broadcasting, and music recording industries, as well as the consumer market.

(Note: Data on stock ratings are sourced from Briefing.com via the Wall St. Journal.  All data are assumed to be accurate.)

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