Tuesday, October 4, 2011

Century (CENX) (PG) (PTEN) (CHS) (STL) (CNI) Downgraded

Century Aluminum Company (NASDAQ: CENX), Procter & Gamble (NYSE: PG), Patterson-UTI (NASDAQ: PTEN), Chico’s (NYSE: CHS), Sterling Bancorp (NYSE: STL) and Canadian National Railway (NYSE: CNI) were downgraded by analysts.

Century Aluminum Company (CENX) was downgraded by Morgan Stanley (NYSE:MS) from an “Equal Weight” rating to an “Underweight” rating.

Procter & Gamble (PG) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating. They have a price target of $70.00 on the company, down from $75.00.

Patterson-UTI (PTEN) was downgraded by Sanford C. Bernstein from an “Outperform” rating to a “Market Perform” rating.

Chico’s (CHS) was downgraded by KeyBanc from a “Buy” rating to a “Hold” rating.

Sterling Bancorp (STL) was downgraded by BMO Capital Markets from an “Outperform” rating to a “Market Perform” rating.

Canadian National Railway (CNI) was downgraded by Raymond James (NYSE:RJF) from an “Outperform” rating to a “Market Perform” rating.

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