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Stock Downgrades: Priceline Flatlines After Falling Off Cliff


Wall Street ratings agencies set the tone for today's stock market.

MINYANVILLE ORIGINAL American Public Education (APEI), operator of military academies, surged 16.38%; please give some stock options to that poor Ohio teen who just collapsed after playing Modern Warfare on his computer for four straight days. If only he'd instead invested in shares of hometown hero Cincinnati Bell (CBB), which jumped 5.35%. And while the maker of Trojan condoms was handing out 10,000 vibrators from a couple hot dog carts, an analyst upgrade of parent company Church & Dwight (CHD) at about the same time similarly reverberated, sending the stock up 1.33%. Today in economics, June wholesale inventories are out at 10:00 a.m. Eastern. In earnings action, Aviva (AV), Brinker International (EAT), Commerzbank (CRZBY), Randgold Resources(GOLD), Kohl's Corp. (KSS), and Wendy's (WEN) are all due to report results.

Aflac (AFL): Concerned about a lower buyback outlook among other issues, FBR Capital cuts company to Market Perform from Outperform.

AuthenTec Inc. (AUTH): Shares are downgraded to Market Perform from Outperform at Raymond James.

Boingo Wireless (WIFI): The stock is downgraded to Hold from Buy at Deutsche Bank.

Cbeyond (CBEY): CBEY is taken to Underperform from Perform at DA Davidson.

Forest Laboratories (FRX): Shares are moved to Neutral from Overweight at JPMorgan.

Hospira (HSP): JPMorgan takes the stock to Neutral from Overweight.

International Flavors & Fragrances (IFF): Amid valuation issues, the stock is downgraded to Neutral from Overweight at JPMorgan. The new price objective is $65.

KAR Auction Services (KAR): KAR gets cut to Hold from Buy at BB&T Capital.

Kinross Gold (KGC): Shares are downgraded to Hold from Buy at Canaccord.

Liberty Media (LMCA): LMCA is lowered to Neutral from Buy at Janney Capital.

NetApp (NTAP): NTAP is now Hold from Buy at Cantor Fitzgerald, whose channel checks point to continued challenges. (PCLN): Shares, which slumped yesterday, are this morning cut to Neutral from Buy by Lazard Capital.

Select Medical Holdings (SEM): The stock is sharply lower before the bell after being downgraded to Sector Perform from Outperform at RBC Capital among a battery of other brokerages.

Toll Brothers (TOL): TOL is taken to Underweight from Neutral at JPMorgan.

TreeHouse Foods (THS): Shares are now Neutral from Buy at SunTrust.

United Microelectronics (UMC): UMC is moved to Underperform from Market Perform by Sanford Bernstein.

(See also: New Stock Coverage: Analyst Picks Up Apple and Stock Upgrades: American Electric Power Set to Surge?)
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No positions in stocks mentioned.
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