Major Stock Downgrades (SYY, SIRI, AIB, SHW)

SYSCO Corporation (NYSE:SYY) shares down 1.41% to $28.58 after it was downgraded at Citi to Hold from Buy and seduced the price target by $6 to $30.

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Although Citi likes low food inflation and case volumes momentum which remains strong, the firm believes "the competitive front remains intense, which could offset top-line momentum and limit margin expansion."

The firm reduced its FY11 EPS estimate on Sysco from $2.04 to $1.94, its FY12 estimate from $2.18 to $2.10 and its FY13 estimate from $2.40 to $2.31. The Street is currently looking for FY11 and FY12 EPS of $1.99 and $2.15, respectively.

Sirius XM Radio Inc. (NASDAQ:SIRI) shares also downgraded by Miller Tabak from Buy to Neutral and set a price target of $1.22.

The firm said its long-term price target of $1.45 "is still valid.

Miller Tabak argues that free cash flow over the next several years should be driven by "material cap ex declines after 2011 as the satellite launch activity will have been completed, until the next replacement cycle in 2024+."

Shares of SIRI are up 0.76% at $1.19.

Allied Irish Banks, plc. (ADR) (NYSE:AIB) shares are down 12.20% to $1.44 after analysts at Soc Gen downgraded the stock from Buy  to Sell.

Today’s downgrade came after the company will raise an additional €5.4 billion in accordance with news out of Ireland's Finance Minister that the company needs to raise about €3 billion in order to be properly capitalized.

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Sherwin-Williams Company (NYSE:SHW) shares are down 0.18% to $75.76 after analysts at Northcoast Research Downgraded the stock to Buy from Neutral.

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America, with additional operations in the Caribbean region, Europe and Asia.

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