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Sterne Agee Downgrades General Cable (BGC) to Neutral

October 26, 2009 5:10 PM EDT
BGC Hot Sheet
Rating Summary:
    3 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 7 | New: 23
Sterne Agee downgrades General Cable Corp. (NYSE: BGC) from Buy to Neutral, also cutting its price target from $39 to $38.

Today's downgrade follows Q2 earnings from General Cable this morning. The stock fell nearly 11% during the trading session and appears to be flat at $34.44 in extra-hours trading today.

Visit our Analyst Ratings page to see all the upgrades/downgrades on shares of General Cable.

General Cable Corporation provides copper, aluminum, and fiber optic wire and cable products worldwide.

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