Analysts Downgrades: AZN, NVE, BEAT
Stock Analysts Downgrades
Dallas, TX 11/09/2009 06:14 PM GMT (TransWorldNews)
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AstraZeneca plc (ADR) (NYSE:AZN) jumped 1.82% to $45.80 on a volume of 400K shares after the company was downgraded by JP Morgan from Neutral to Underweight. AstraZeneca PLC is engaged in the discovery, development, manufacturing and marketing of prescription pharmaceuticals and biological products for important areas of healthcare: Cardiovascular, Gastrointestinal, Infection, Neuroscience, Oncology, and Respiratory and Inflammation.
NV Energy, Inc. (NYSE:NVE) declines 1.19% to $11.62 on over 755K shares after the company was downgraded by Wunderlich from Buy to Hold. NV Energy, Inc., formerly Sierra Pacific Resources, is an investor-owned holding company. The Company has six primary, wholly owned subsidiaries: Nevada Power Company, NV Energy, Sierra Pacific Power Company, Sierra Pacific Communications, Sierra Pacific Energy Company, and Lands of Sierra. NPC and SPPC are referred to collectively as the Utilities.
Cardionet Inc (NASDAQ:BEAT) slips $0.35 or 6.31% to $5.20 on over 405K shares after the company was downgraded by Brean Murray from Buy to Hold. CardioNet, Inc., provides continuous, real-time ambulatory outpatient management solutions for monitoring relevant and timely clinical information regarding an individual's health. The Company has developed an integrated patient monitoring platform that incorporates a wireless data transmission network.
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