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Stock Downgrades: Time to Check Out of Marriott (NYSE:MAR)

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

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MINYANVILLE ORIGINAL Little blue pill maker Pfizer (PFE) rose 0.96% to top the Dow (^DJI), and an actress affectionately known as "Sofia Viagra" for the identical affect she has on men showed more than she intended at the Emmys. At least her Modern Family took home some silverware, unlike the 0-for-17 Mad Men.

Any crestfallen Don Drapers out there could console themselves in Lamar Advertising (LAMR) ending up at a new high after upbeat analyst comments. Facebook (FB) nosedived 9.06% after being dissed on the front page of Barron's, but its recent praiseworthy cover on Tempur-Pedic (TPX) has proved the kiss of death for that stock, which slid another 6.38%.

Elsewhere, Harry Winston Diamond (HWD) dropped 3.83% while Smith & Wesson (SWHC) fell 4.01%. And if you don't like that, well, there's a jeweler in Georgia who is giving away a free gun with each diamond purchase.

Today in economics, the Conference Board's September consumer sentiment survey is expected to tick up at 10:00 a.m. Eastern. In corporate earnings action, quarterly results are due from Carnival Corp. (CCL), FactSet Research Systems (FDS), Neogen (NEOG), Synnex (SNX), and Texas Industries (TXI).

Abaxis (ABAX): The stock is moved to Market Perform from Outperform at Raymond James due to valuation concerns.

Anixter International (AXE): AXE is downgraded to Underperform from Neutral at Credit Suisse amid weak datacom and European industrial production. The target is trimmed by $1, to $60.

Business Services: Automatic Data Processing (ADP) is now Neutral from Buy at UBS, which slashes Paychex (PAYX) to Sell from Neutral.

Capstead Mortgage (CMO): CMO gets cut to Neutral from Outperform at Macquarie due to less leverage and low yield headwinds. The price objective is $14.50.

Coinstar (CSTR): Shares are downgraded to Market Perform from Outperform at Northland Securities, whose target is $52.

Cognex (CGNX): The stock is downgraded to Underweight from Neutral at Piper Jaffray.

Crédit Agricole (CRARY): Shares are lower in Europe this morning after Goldman Sachs cut it to Neutral from Buy.

European Telecoms: Deutsche Telekom (DTEGY) is downgraded to Hold from Buy at Jefferies, which takes Telefonica (TEF) to Underperform from Hold.

Honda Motor (HMC): Shares are downgraded to Hold from Buy at Deutsche Bank.

Marriott International (NYSE:MAR) Citing valuation and economic growth concerns, Keefe Bruyette moves MAR to Market Perform from Outperform with a $42 price target.

Martin Marietta Materials (MLM): MLM is downgraded to Hold from Buy at KeyBanc due to valuation.

Nabors Industries (NBR): The oil services outfit gets a Neutral-from-Accumulate ratings reduction at Global Hunter, whose concerns include decelerating US rig activity and weakness in pressure pumping. The price target is also trimmed by $1, to $16.

Nokia (NOK): NOK is now Underperform from Market Perform at BMO Capital.

Union Drilling (UDRL): Shares are downgraded to Market Perform from Outperform by BMO Capital.

(See also: Stock Upgrades: Shuffle Up to Buffalo Wild Wings (NASDAQ:BWLD) and New Stock Coverage: Quantum Jump for LeapFrog (NYSE:LF).)
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No positions in stocks mentioned.
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