Wall St. Watchdog reveals information about companies for which stock analysts downgraded the shares on September 8th.
- Layne Christensen (NASDAQ:LAYN): Boenning & Scattergood downgraded its rating on this company from Outperform to Neutral. No price target was given. About the company: Layne Christensen Company provides water well drilling, mineral exploration drilling, geotechnical construction, oil and gas services, and related products and services. The company’s customers include municipalities, industrial, oil, gas, and mining companies, and consulting and engineering firms located in the United States, Canada, Mexico, Australia, Africa, and South America.
- Travelzoo (NASDAQ:TZOO): Morgan Keegan downgraded its rating on this company from Outperform to Mkt Perform and changed its price target from $80 to $32. About the company: Travelzoo, Inc. provides online marketing solutions to the travel industry. Through the Compamy’s Web site, its newsletter, and by using its listing management software, travel companies can inform Internet users about their specials. Travelzoo serves companies such as Alamo Rent-A-Car, Delta Airlines, Expedia, and Hilton Hotels.
- Somaxon Pharma (NASDAQ:SOMX): Oppenheimer downgraded its rating on this company from Outperform to Perform. No price target was given. About the company: Somaxon Pharmaceuticals, Inc. is a specialty pharmaceutical company. The Company is focused on in-licensing, developing, and commercializing proprietary product candidates for the treatment of diseases and disorders in the fields of psychiatry and neurology.
- NextEra Energy (NYSE:NEE): Wunderlich downgraded its rating on this company from Buy to Hold and changed its price target from $64 to $57. About the company: NextEra Energy, Inc. is a clean energy company. The Company, through its subsidiaries, generates, transmits, distributes, and sells electric energy utilizing natural gas, wind and nuclear resources.
(Note: Data on stock ratings 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>>