Monday, October 3, 2011

Seadrill (SDRL) (ALTR) (SCR) (CBL) (SCGLY) Downgraded

Seadrill Ltd (NASDAQ: SDRL), Altera (NASDAQ: ALTR), Simcere Pharmaceutical Group (NYSE: SCR), CBL & Associates Properties, Inc. (NYSE: CBL) and Societe Generale SA (NASDAQ: SCGLY) were downgraded by analysts.

Seadrill Ltd (SDRL) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating. They have a price target of $31.00 on the company, down from $37.00.

Altera (ALTR) was downgraded by Auriga from a “Buy” rating to a “Hold” rating. They have a price target of $37.00 on the company, down from $42.00.

Simcere Pharmaceutical Group (SCR) was downgraded by Oppenheimer from an “Outperform” rating to a “Perform” rating.

CBL & Associates Properties, Inc. (CBL) was downgraded by Bank of America (NYSE:BAC) from a “Neutral” rating to an “Underperform” rating.

Societe Generale SA (SCGLY) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating.

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