Stock Alert : Major Stock Downgrades (SKH, RHT, CRM, TIBX)

Skilled Healthcare Group, Inc. (NYSE:SKH) shares fell 7.60% to $4.14 after it was downgraded at Jefferies to Hold from Buy. Price target has been reduced by $0.50 to $4.50.

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The firm stated that the recent rally of about 28% in the past one week on legal overhang could limit any further gain and said the stock is now trading in-line with our coverage universe."

The median Wall Street price target on the stock is $2.80 and the high target is set at $10 with majority of analysts have a Hold rating on the company’s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $3.23 and $5.62 respectively.

Red Hat, Inc. (NYSE:RHT) shares also downgraded by Piper Jaffray from Overweight to Neutral. The firm set a price target of $40.

Piper analyst says, " Shares have appreciated 394% in the past 22 months, versus 49% for the S&P 500, and we believe they are now fairly valued...We remain optimistic on near-term trends and believe the company is well-positioned for continued growth...However, our sector-wide analysis indicates growth rates for the current cycle are peaking in 2H:10, and as such, deceleration is likely to develop in the subsequent 3 to 6 months."

Shares of RHT are down 0.23% at $38.86.

salesforce.com, inc. (NYSE:CRM) shares are down over 0.70% to $117.67 after analysts at Piper Jaffray rerated the stock to Neutral from Overweight  earlier and also set a price target on the stock of $115.

Piper analyst says, "Shares have appreciated 440% in the past 22 months, versus 39% for the S&P 500, and we believe they are now fairly valued...We believe the company is well-positioned for continued stellar growth, particularly as the Service Cloud, Collaboration Cloud, and Custom Cloud gain incremental traction in CY2011 and beyond. However, our sector-wide analysis indicates growth rates for the current cycle are peaking in 2H:10, and as such, deceleration is likely to develop across the sector in the subsequent 3 to 6 months."

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Tibco Software Inc. (NASDAQ:TIBX) fell 2.27% to $15.52 after analysts at analysts at Piper Jaffray downgrded the stock to Neutral from Overweight  earlier and also set a price target on the stock of $15.

Piper analyst says, "We expect solid near-term results and believe the company is well-positioned for continued growth, particularly as the secular shift to real time in-memory architectures begins to spread outside Tibco's core verticals. However, our sector-wide analysis indicates growth rates for the current cycle are peaking in 2H:10, and as such, deceleration is likely to develop in the subsequent 3 to 6 months."

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