Dallas, TX 12/3/2009 12:48:05 AM
News / Business

Today’s Analyst Downgraded Stocks – MTL, BWP, STZ

Stocks Updated

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Mechel OAO (ADR) (NYSE: MTL) decreased 0.89% to $20.05 after Credit Suisse downgraded MTL to Underperform from Neutral. In the last six months, MTL gained over 68%. Mechel OAO (Mechel) is a Russia-based vertically integrated mining, steel, ferroalloys, and power company. The Company also provide coal washing services, both to the coal-mining subsidiaries and to third parties.

 

Boardwalk Pipeline Partners, LP (NYSE: BWP) moved down 2.64% to $27.68 on 249K shares after Wells Fargo downgraded Boardwalk Pipeline to Market Perform from Outperform and gave a valuation range of $27 - $29. The 52-week trading range for BWP is $16.86 - $28.75. Boardwalk Pipeline Partners, LP owns and operates the business conducted by Boardwalk Pipelines, LP (Boardwalk Pipelines) and its subsidiaries, Gulf Crossing Pipeline Company LLC (Gulf Crossing), Gulf South Pipeline Company, LP (Gulf South) and Texas Gas Transmission, LLC (Texas Gas).

 

Constellation Brands (NYSE: STZ) Goldman Sachs downgrades from Neutral to Sell, saying wine trends will likely disappoint. STZ is now trading at $16.26, decreased by 5.74%. Constellation Brands, Inc. is an international producer and marketer of beverage alcohol with a portfolio of wine brands complemented by spirits, imported beers and other select beverage alcohol products.

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