Analyst downgrades: SUN, RYAAY, HBC, MPP, PCU, CNH and HBC

Filed under: Analyst reports, Analyst upgrades and downgrades, PetroChina Co Ltd ADR (PTR)

MOST NOTEWORTHY:

• JP Morgan downgraded Sunoco (NYSE: SUN) to Underweight from Neutral citing expected margin pressure due to high leverage to sweet crude. Goldman also downgraded shares of Sunoco to Neutral from Buy.
  


• Deutsche Bank downgraded shares of Ryanair (NASDAQ: RYAAY) to Sell from Hold as they believe the European airlines sector will trade well below book value until the companies deal with higher oil prices.
  


• UBS cut HSBC (NYSE: HBC) to Neutral from Buy to reflect the potential for higher losses at the company's household unit and weak performance at its U.S. bank.

• Broadpoint lowered MTS Medication (NYSE: MPP) to Neutral from Strong Buy.
  


• HSBC cut Southern Peru Copper (NYSE: PCU) to Neutral from Overweight.
  


• Goldman downgraded CNH Global (NYSE: CNH) to Neutral from Buy and PetroChina (PTR) to Sell from Buy.

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