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Oppenheimer downgrades Wells Fargo (WFC) to Perform
Oppenheimer downgrades Wells Fargo (NYSE: WFC) from Outperform to Perform, citing weak earnings visibility and worsening consumer trends. Analyst Meredith Whitney said, earning growth will be challenged due to exposure to US consumers and the deteriorating credit conditions.
Downgrades (more headlines)
Oppenheimer downgrades Wells Fargo (WFC) to Perform
Oppenheimer downgrades Wells Fargo (NYSE: WFC) from Outperform to Perform, citing weak earnings visibility and worsening consumer trends. Analyst Meredith Whitney said, earning growth will be challenged due to exposure to US consumers and the deteriorating credit conditions.... (continued)
Sanford C. Bernstein downgrades Daimler (DAI) to Market Perform
Sanford C. Bernstein downgrades Daimler (NYSE: DAI) from Outperform to Market Perform.

Daimler AG, formerly DaimlerChrysler AG, is a supplier of passenger cars, as well as the manufacturer of commercial vehicles.... (continued)
SunTrust Downgrades MicroStrategy (MSTR) to Neutral
SunTrust Robinson Humphrey downgrades MicroStrategy Inc. (NASDAQ: MSTR) from Buy to Neutral and dismisses its $130 price target, citing a downside risk to earnings.continued)
KeyBanc Downgrades Gerdau Ameristeel (GNA) to Buy
KeyBanc downgrades Gerdau Ameristeel Corp. (NYSE: GNA) from Aggressive Buy to Buy and lowers its price target from $18 to $15.

The firm said it... (continued)
KeyBanc Downgrades A.M. Castle (CAS) to Hold
KeyBanc downgrades A.M. Castle (NYSE: CAS) from Buy to Hold.

The firm attributed the downgrade to A.M. Castle's recently lowered guidance as a... (continued)
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