Wall Street News Alert -- Analyst's Downgrade MEL, CAKE, BA, SNA, SO.

0 Comments | M2 Presswire, July, 2003

M2 PRESSWIRE-1 July 2003-Wall Street Capital Funding: Wall Street News Alert -- Analyst's Downgrade MEL, CAKE, BA, SNA, SO(C)1994-2003 M2 COMMUNICATIONS LTD RDATE:07012003 Weston, FLA. -- Analyst's downgraded Mellon Financial (NYSE: MEL), Cheesecake Factory (NASDAQ: CAKE), Boeing (NYSE: BA), Snap-On (NYSE: SNA) and Southern Co (NYSE: SO) this morning.

Mellon Financial (NYSE: MEL) downgraded at AG Edwards: downgrades to Hold from Buy based on valuation, as the shares have outperformed peers over the last 2 months are are nearing their $29 fair value est. Cheesecake Factory (NASDAQ: CAKE) cut to Underperform at Smith Barney: downgrades to Underperform from In-Line, citing the possibility of soft Q2 comps due in large part to unfavorable weather,...