Financial Sector Stock Downgrades to Watch in December

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

Trustmark (NASDAQ:TRMK): BB&T Capital Mkts downgraded its rating on this company to Buy and changed its price target to $25 on Dec 20th. The shares recently traded at $24.23, up $1.01, or 4.35% since the analyst’s rating. About the company: Trustmark Corporation is the holding company for Trustmark National Bank. The Bank offers a variety of banking, investment, and insurance solutions to corporate, institutional, and individual customers in Mississippi and Tennessee. Get the most recent company news and stock data here >>

Phoenix Cos (NYSE:PNX): FBR Capital downgraded its rating on this company to Outperform and changed its price target to $3 on Dec 20th. The shares recently traded at $1.72, up $0.16, or 10.26% since the analyst’s rating. About the company: The Phoenix Companies, Inc. is the holding company of Phoenix Life Insurance Company. The Company provides life insurance and annuities products for the a ccumulation, preservation, and transfer of wealth. The Phoenix Companies offer a broad portfolio of products and services to high-net-worth individuals, and institutions. Get the most recent company news and stock data here >>

Kilroy Realty (NYSE:KRC): KeyBanc Capital Mkts downgraded its rating on this company to Hold on Dec 20th. The shares recently traded at $38.30, up $0.72, or 1.92% since the analyst’s rating. About the company: Kilroy Realty Corporation is a real estate investment trust engaged in the ownership, acquisition, development and operation of office and industrial properties located in California and Washington. Get the most recent company news and stock data here >>

Douglas Emmett (NYSE:DEI): KeyBanc Capital Mkts downgraded its rating on this company to Buy and changed its price target to $22 on Dec 20th. The shares recently traded at $18.57, up $0.52, or 2.88% since the analyst’s rating. About the company: Douglas Emmett, Inc. is a real estate investment trust that invests in office and multifamily properties in Los Angeles County, California and Honolulu, Hawaii. Get the most recent company news and stock data here >>

Tanger Factory (NYSE:SKT): Hilliard Lyons downgraded its rating on this company from Long-term Buy to Neutral on Dec 21st. The shares recently traded at $29.60, up $0.41, or 1.4% since the analyst’s rating. About the company: Tanger Factory Outlet Centers, Inc. is a real estate investment trust that owns and operates factory outlet centers. These centers house a variety of brand name and designer fashion outlet stores. Customer amenities such as common areas, reading materials, and children’s play areas are available in Tanger’s outlets, which are located coast to coast throughout the United States. Get the most recent company news and stock data here >>

F.N.B. Corp (NYSE:FNB): FBR Capital downgraded its rating on this company from Outperform to Mkt Perform and changed its price target to $11 on Dec 21st. The shares recently traded at $11.30, up $0.11, or 0.98% since the analyst’s rating. About the company: F.N.B. Corporation is a financial services holding company. The Company, through its subsidiaries, provides a variety of financial services, primarily to consumers and small to medium-sized businesses. F.N.B.’s subsidiaries operate through a network of offices in Pennsylvania, northern and central Tennessee, and eastern Ohio. 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: Dave Friedman at staff.writers@wallstcheatsheet.com

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