Thursday, December 22, 2011

Kyocera (KYO) (JEF) (JPM) (MANH) (MBWM) (ORCL) Downgraded

Kyocera Co. (NYSE: KYO), Jefferies Group, Inc. (NYSE: JEF), JPMorgan Chase & Co. (NYSE: JPM), Manhattan Associates, Inc. (NASDAQ: MANH), Mercantile Bank Corp. (NASDAQ: MBWM) and Oracle (NASDAQ: ORCL) were downgraded by analysts.

Jefferies Group, Inc. (JEF) was downgraded by Jefferies (NYSE:JEF) from an “Outperform” rating to a “Market Perform” rating.

JPMorgan Chase & Co. (JPM) was downgraded by Sterne Agee from a “Buy” rating to a “Neutral” rating.

Kyocera Co. (KYO) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.

Manhattan Associates, Inc. (MANH) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.

Mercantile Bank Corp. (MBWM) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.

Oracle (ORCL) was downgraded by Canaccord Genuity from a “Buy” rating to a “Hold” rating. They have a price target of $28.00 on the company, down from $38.00.

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