Hanwha (HSOL) (PTI) (UTHR) (VE) Downgraded

Hanwha Solar (NASDAQ: HSOL), Patni Computer Systems Ltd (NYSE: PTI), United Therapeutics (NASDAQ: UTHR) and Veolia Environnement (NYSE: VE) downgraded by analysts.

Hanwha Solar (HSOL) was downgraded by Collins Stewart from a “Buy” rating to a “Neutral” rating. They have a price target of $4.00 on the company, down from $5.50.

Patni Computer Systems Ltd (PTI) was downgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Sell” rating.

United Therapeutics (UTHR) was downgraded by Auriga from a “Hold” rating to a “Sell” rating. They have a price target $45.00 on the company, down from $90.00.

Veolia Environnement (VE) was downgraded by Credit Suisse (NYSE:CS) to a “Neutral” rating.

iGATE (Nasdaq:IGTE) Shares Crushed on Patni Bid Rumors

Rumors continue to circulate concerning the possibility iGATE Corporation (Nasdaq:IGTE) may be putting together a joint bid for Patni Computer Systems Ltd.

Shares of iGATE got pummeled Tuesday on the news, as a report from the Wall Street Journal gave the rumor some heft.

iGATE is reportedly working with Apax Partners LLP on a bid.

The shares of iGate were hit hard because of the perceived and probably real pain it would take to merge the companies.

A consortium of Advent International Corp. and Carlyle Group are also interested in taking over Patni.

iGate closed Tuesday at $20.00 even, falling $4.83, or 19.45 percent. Sidoti lowered their price target on them from $30 to $24, and their rating from "Buy" to "Neutral."