Stock Analysts Downgraded These Shares in the Services Sector

Wall St. Watchdog reveals information about companies for which stock analysts downgraded shares in the Services sector for the week ending October 28th, 2011

  • Aaron’s (NYSE:AAN): BB&T Capital Mkts downgraded its rating on this company from Buy to Hold. About the company: Aaron’s, Inc. rents and sells office and residential furniture and accessories, consumer electronics, and household appliances. The Company also manufactures furniture, bedding, and accessories. Aaron’s has Company-owned and franchised centers in the United States.
  • Hub Group (NASDAQ:HUBG): Stifel Nicolaus downgraded its rating on this company from Buy to Hold. Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target to $36. About the company: Hub Group, Inc. is a full-service transportation provider, offering intermodal, truck brokerage, and logistics services. The Company arranges for the movement of its customers’ freight in containers and trailers over long distances. Hub Group operates through a nationwide network of hubs, located near significant concentrations of shipping customers and railheads.
  • Landstar System (NASDAQ:LSTR): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target from $48 to $51. About the company: Landstar System, Inc. is a North American truckload carrier. The Company transports a variety of freight, including iron and steel, automotive products, paper, lumber, chemicals, foodstuffs, and military hardware. Landstar provides truckload carrier services, intermodal transportation services, and expedited air and truck services to shippers in the US, Canada, and Mexico.
  • Discovery (NASDAQ:DISCA): MKM Partners downgraded its rating on this company from Buy to Neutral. About the company: Discovery Communications, Inc. provides non-fiction entertainment. The Company operates a wide range of educational television channels as well as offers consumer and educational products and services, and a diversified portfolio of digital media services.
  • Heartland Express (NASDAQ:HTLD): BB&T Capital Mkts downgraded its rating on this company from Buy to Hold. About the company: Heartland Express, Inc. is a short-to-medium haul truckload carrier. The Company transports a variety of goods, including appliances, automotive parts, paper products, retail goods, and packaged foodstuffs. Heartland operates in the United States.
  • C.H. Robinson (NASDAQ:CHRW): BB&T Capital Mkts downgraded its rating on this company from Hold to Underweight. Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target from $84 to $76. About the company: C.H. Robinson Worldwide, Inc. provides multimodal transportation services and logistics solutions. The Company operates a network of offices in North America, Europe, Asia, South America, and the Middle East. C.H. Robinson provides a variety of logistics services, such as fresh produce sourcing and freight consolidation.
  • Mistras Group (NYSE:MG): KeyBanc Capital Mkts downgraded its rating on this company from Buy to Hold. About the company: Mistras Group, Inc. provides technology-enabled non-destructive testing (NDT) solutions used to evaluate the structural integrity of critical energy, industrial and public infrastructure. The Company provides solutions, ranging from routine NDT inspections to complex, plant-wide asset integrity assessment and management.
  • Owens & Minor (NYSE:OMI): Robert W. Baird downgraded its rating on this company from Neutral to Underperform and changed its price target from $32 to $28. About the company: Owens & Minor, Inc. distributes medical/surgical supplies throughout the United States. The Company’s customers include hospitals, integrated healthcare systems, and group purchasing organizations. Owens & Minor also provides services in supply chain management, logistics, and technology.
  • Overstock.com (NASDAQ:OSTK): The Benchmark Company downgraded its rating on this company from Buy to Hold and changed its price target from $13 to $11. About the company: Overstock.com, Inc. offers discounted brand-name merchandise for sale over the Internet. Products include bed-and-bath goods, kitchenware, jewelry, sporting goods, electronics, and designer accessories.
  • Visa (NYSE:V): FBR Capital downgraded its rating on this company from Outperform to Mkt Perform. About the company: Visa Inc. operates a retail electronic payments network and manages global financial services. The Company also offers global commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses and government entities.

(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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