Ista Pharmaceuticals Inc (NASDAQ: ISTA), Haemonetics Co. (NYSE: HAE), Waste Management Inc (NYSE: WM), Motorola Mobility (NYSE: MMI), Lloyds TSB Group plc (NYSE: LYG) and Constant Contact (NASDAQ: CTCT) downgraded by analysts.
Haemonetics Co. (HAE) was downgraded by Morgan Keegan from an “Outperform” rating to a “Market Perform” rating. They have a price target of $76.00 on the company.
Waste Management Inc. (WM) was downgraded by William Blair from an “Outperform” rating to a “Market Perform” rating.
Motorola Mobility (MMI) was downgraded by Wells Fargo & Co. (NYSE:WFC) from an “Outperform” rating to a “Market Perform” rating.
Ista Pharmaceuticals Inc. (ISTA) was downgraded by Stifel Nicolaus from a “Buy” rating to a “Hold” rating.
Lloyds TSB Group (LYG) was downgraded by RBS from a “Buy” rating to a “Hold” rating.
Constant Contact (CTCT) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating. They have a price target of $24.00 on the company, down from $28.00.
What on Earth are you thinking? There is no reason to downgrade ISTA: they had a significant increase in net last quarter and they have 2 winning products with more in the pipeline, including the new bepotastine based nasal spray.
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