SAP Related Downgrades
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UPDATE: Avondale Partners Downgrades Advent Software (ADVS) to Market Perform, Offer Above $34/Share Unlikely
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Citi Downgrades SAP AG (SAP) to Neutral
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UBS Downgrades SAP AG (SAP) to Neutral
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Barclays Steps Aside on SAP AG (SAP); Downgrades to Equalweight
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UPDATE: Barclays Downgrades Ariba (ARBA) to Equalweight; SAP Deal Should Be Approved Soon
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HSBC Downgrades SAP AG (SAP) to Neutral
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ThinkEquity Downgrades SAP AG (SAP) to Hold
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Evercore Partners Downgrades SAP AG (SAP) to Underweight
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Ticonderoga Downgrades SAP AG (SAP) to Sell
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Barrington Research Downgrades DemandTec (DMAN) to Market Perform; Unlikely Other Suitors Top IBM Offer
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BofA/Merrill Lynch Downgrades SAP AG (SAP) to Neutral
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Canaccord Genuity on Technology/Enterprise Software: Game On, For Now At Least
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Natixis Downgrades SAP AG (SAP) to Neutral
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SAP (SAP) Traders Shrug at SocGen Downgrade, Shares Up Today
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SAP (SAP) Shares Tumbling as Morgan Stanley Issues Mid-Day Downgrade
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Wedbuh Downgrades SAP (SAP) to Underperform
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Bank of America Downgrades SAP AG (SAP) to Neutral
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Bank of America Downgrades SAP AG (SAP) to Neutral
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Piper Jaffray Downgrades NetSuite (N) to Sell; Current Premium Valuation Unwarranted
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Jefferies Downgrades SAP AG (SAP) to Hold
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Societe General Downgrades SAP AG (SAP) to Sell
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Matrix Lighthouse Rating Changes 11/20
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Merrill Lynch Downgrades SAP AG (SAP) to Neutral
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Deutsche Bank Downgrades SAP AG (SAP) to Hold
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Credit Suisse Downgrades SAP AG (SAP) to Underperform
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StreetInsider.com Notable Analyst Rating Changes 10/15
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Citigroup downgrades BEA Systems (BEAS) to Hold
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Bernstein downgrades SAP AG (NYSE: SAP) to Market Perform
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A Number of Brokers Downgrade SAP AG (SAP)
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Canaccord Adams Downgrades Business Objects (BOBJ) to Hold
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JPMorgan downgrades SAP AG (SAP) to Underweight
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Canaccord Adams downgrades Rightnow Technologies Inc. (RNOW) to Hold
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Citigroup Downgrades SAP AG (SAP) to Hold
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Morgan Stanley downgrades SAP to Equal-Weight
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UBS downgrades SAP to Neutral
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Sanford C. Bernstein Downgraded SAP
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Prudential Securities Downgrades SAP AG
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Smith Barney downgrades RETK
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