Wall St. Watchdog reveals information about companies for which stock analysts downgraded shares in the Industrial Goods sector for the week ending November 11th, 2011.
- Powell Inds (NASDAQ:POWL): Stifel Nicolaus downgraded its rating on this company from Buy to Hold on Nov 9th. About the company: Powell Industries, Inc. designs, manufactures, and packages equipment and systems for the distribution, control, and management of electrical energy and process control systems. The Company serves industrial customers such as oil and gas producers, refineries, petrochemical plants, transportation facilities, and public and private utilities. Get the most recent company news and stock data here >>
- Valence Tech (NASDAQ:VLNC): Needham downgraded its rating on this company from Buy to Hold on Nov 9th. The shares recently traded at $0.88, up $0.07, or 8.64% since the analyst’s rating. About the company: Valence Technology, Inc. designs, develops, manufactures, and markets rechargeable lithium polymer batteries for portable communication devices, also known as mobile communication products. The Company’s batteries are used in notebook computers, personal digital assistants, handheld personal computers, and cellular telephones. Get the most recent company news and stock data here >>
- Quanta Services (NYSE:PWR): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target from $27 to $20 on Nov 11th. The shares recently traded at $18.77, down $0.39, or 2.04% since the analyst’s rating. About the company: Quanta Services, Inc. provides specialized contracting services to electric utilities, telecommunication and cable television operators, and governmental entities. The Company also installs transportation control and lighting systems and provides specialty electric power and communication services for industrial and commercial customers. Quanta performs projects across the United States. 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.)
Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>