MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, December 10, 2008 Three Asset Managers See Stock Downgrades Three asset managers saw their stock downgraded by analysts. Goldman Sachs analyst Marc Irizarry downgraded T. Rowe Price's stock from "neutral" to "sell," saying the Baltimore firm would see more money exiting than entering its mutual funds this quarter, The Baltimore Business Journal reports. Meanwhile, Wachovia Capital Management analyst Douglas Sipkin downgraded BlackRock's stock from"outperform" to "market perform," pointing to continued challenges for non traditional asset management products and pressure on earnings, Reuters reports. Also, Sandler O'Neill & Partners downgraded Janus Capital Group's stock from "buy" to "hold." The investment bank said investors are increasingly focused on "relative positioning and valuations." Printed from: MFWire.com/story.asp?s=20110 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |