Following is information on companies whose shares were downgraded by stock analysts today:
- USG (NYSE:USG): RBC Capital Markets downgraded its rating on this stock from Outperform to Sector Perform and changed its price target from $16 to $14. About the company: USG Corporation, through its subsidiaries, manufactures and distributes building materials. The Company produces a wide range of products for use in new residential, new non-residential, and repair and remodel construction, as well as products used in certain industrial processes. USG’s two core businesses include North American Gypsum and Worldwide Ceilings.
- Petrohawk Energy (NYSE:HK): RBC Capital Markets downgraded its rating on this stock from Outperform to Sector Perform and reiterated its price target of $39. About the company: Petrohawk Energy Corporation is an oil and gas company. The Company participates in the exploration and production of natural gas and crude oil. Petrohawk’s operations are currently focused in proven oil and gas producing trends primarily in South Texas, Louisiana, and Central California.
- Avery Dennison (NYSE:AVY): Robert W. Baird downgraded its rating on this stock from Outperform to Neutral and changed its price target from $54 to $39. About the company: Avery Dennison Corporation develops, manufactures, and markets pressure-sensitive materials, office products and a variety of tickets, tags, labels and other converted products. The Company also manufacture a variety of office products and other converted products, as well as binders, organizing systems, markers, fasteners, and business forms, and other products.
- Endeavour Intl (AMEX:END): Rodman & Renshaw downgraded its rating on this stock from Mkt Outperform to Mkt Perform. No price target was given. About the company: Endeavour International Corporation is an international oil and gas exploration and production company that acquires, explores, and develops energy reserves. The Company conducts operations in the North Sea sectors of the United Kingdom and Norway. Endeavor holds license rights to a 3-D seismic dataset of the North Sea.
(Note: Data on stock ratings are sourced from here. All data are assumed to be accurate.)