Wednesday, May 4, 2011

Ratings On (FSLR) (GNRC) (KAR) (LM) (LTTOY) Downgraded by Analysts

Analysts downgraded First Solar, Inc. (NASDAQ: FSLR), Generac Holdings (NASDAQ: GNRC), KAR Auction Services Inc (NYSE: KAR), Legg Mason, Inc. (NYSE: LM) and Lottomatica Group (NASDAQ: LTTOY) today.

Collins Stewart downgraded First Solar, Inc. (FSLR) from a “buy” rating to a “hold” rating.

Bank of America (NYSE:BAC) downgraded Generac Holdlings (GNRC) from a “neutral” rating to an “underperform” rating.

Robert W. Baird downgraded KAR Auction Services Inc (KAR) from an “outperform” rating to a “neutral” rating. They have a price target of $21.00 on the company, up from $18.00.

KBW downgraded Legg Mason, Inc. (LM) to a “market perform” rating. They have a price target of $39.00 on the company. They cited higher compensation costs as the catalyst.

Citigroup (NYSE:C) downgraded Lottomatica Group (LTTOY) from a “hold” rating to a “sell” rating.

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