Your English writing platform
Discover LudwigExact(4)
Comverse Stock Downgraded J.P. Morgan has downgraded Comverse Technology's stock one level, giving it a "neutral" rating.
The company, which makes machine vision systems used in semiconductor manufacturing, saw its stock downgraded on Sept. 24 to "market perform" from "outperform" by Wachovia Securities, which cited concerns about semiconductor equipment demand.
Biogen, which makes Rituxan, Tysabri, and Avonex, saw its stock downgraded last month by a UBS Investment Research analyst, because of concern over commercial challenges, such as greater competition in the multiple sclerosis treatment market from Novartis and an expected decline in Rituxan sales.
Stock drops more than 11% that day, from $4.19 to $3.67 per share; May 2, 2008: Stock downgraded by investment firm Sandler O'Neill to a "Sell".
Similar(53)
AlleyInsider is reporting that AAPL is down to $110 1414% – due to stock downgrades by Morgan Stanely and RBC.
Tesla stock dropped roughly 8percentt on the day of the fire (this includes a 2percentt drop in after-hours trading) but also earned a stock downgrade from one analyst who moved from "buy" to "neutral".
Its stock was downgraded to neutral from overweight at JPMorgan.
Cox Communications dropped $4.83, to $20.19, after the stock was downgraded.
Disney shares fell 1.63 percent after the company's stock was downgraded by an investment firm, helping to restrain the advance.
Their dive was led by Donaldson , Lufkin & Jenrette which fell 99/16, to 57 3/4, after the stock was downgraded by a Morgan Stanley analyst.
General Motors fell 11percentt after its stock was downgraded on Thursday on speculation that auto sales would suffer from high oil prices.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com