News / Business
Analyst Downgraded Stocks – CBAK, MITI, POM
Downgraded Stocks
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China BAK Battery Inc. (NASDAQ:CBAK) Roth Capital has downgraded the stock from Hold to Sell. CBAK is now trading at $2.84, 7.19% down in the morning trading hours. China BAK Battery, Inc. is engaged in manufacturing rechargeable lithium-based battery cells. It produces battery cells that are the principal component of rechargeable batteries used to power applications, such as cellular phones, notebook computers, portable consumer electronics, such as digital cameras, portable media players, portable gaming devices and personal digital assistants (PDA), and other applications, such as cordless power tools, mining lamps, light electric vehicles and hybrid electric vehicles.
Micromet Inc. (Nasdaq: MITI) Canaccord Adams downgrades from Buy to Hold. Price target $7.50. MITI is up 5.17% to $7.52. Micromet, Inc. (Micromet) is a biopharmaceutical company developing antibodies for the treatment of cancer, inflammation and autoimmune diseases. Its product development pipeline includes antibodies generated with its BiTE antibody platform, as well as conventional monoclonal antibodies.
Pepco Holdings, Inc. (NYSE: POM) gain 1.31% to $16.97 on 1.91 million shares despite POM was today downgraded by Credit Suisse to Neutral from Outperform at a price target of $16. The 52-week trading range for POM is $10.07 - $18.71. Pepco Holdings, Inc. (Pepco Holdings) is a diversified energy company that, through its operating subsidiaries, is engaged in two businesses: distribution, transmission and default supply of electricity and the delivery and supply of natural gas (Power Delivery), and competitive energy generation, marketing and supply (Competitive Energy).
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