Stock Downgrades: NetLogic and FedEx Get the Yellow Light
Wall St. Watchdog reveals information about companies for which stock analysts downgraded their ratings on September 13th.
- FedEx (NYSE:FDX): RBC Capital Mkts downgraded its rating on this company from Outperform to Sector Perform and changed its price target from $105 to $78. About the company: FedEx Corp. delivers packages and freight to multiple countries and territories throught an integrated global network. The Company provides worldwide express delivery, ground small-parcel delivery, less-than-truckload freight delivery, supply chain management services, customs brokerage services, and trade facilitation and electronic commerce solutions.
- NetLogic (NASDAQ:NETL): Stifel Nicolaus downgraded its rating on this company from Buy to Hold after Broadcom made a 50% premium bid for the company (Don’t Miss: “Broadcom Shakes Up Semiconductor Space with This Deal“). No price target was given. Sterne Agee downgraded its rating on this company from Buy to Neutral. Needham downgraded its rating on this company from Buy to Hold. About the company: Netlogic Microsystems Inc. is a semiconductor company that designs, develops and markets high performance knowledge-based processors. The Company’s products are designed for a variety of advanced networking systems, such as routers, switches, access multiplexors and networked storage devices.
- Lamar Advertising (NASDAQ:LAMR): Caris & Company downgraded its rating on this company from Above Average to Below Average. About the company: Lamar Advertising Company owns and operates outdoor advertising structures in the United States. The Company provides poster and bulletin displays, as well as logo signs. Lamar also operates tourism signage franchises in the United States and Canada.
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