Wall Street News Alert -- Analyst Stock Watch.

0 Comments | M2 Presswire, July, 2003

M2 PRESSWIRE-8 July 2003-Wall Street Capital Funding: Wall Street News Alert -- Analyst Stock Watch(C)1994-2003 M2 COMMUNICATIONS LTD RDATE:07082003 Weston, FLA. -- Analyst's downgraded Western Digital (NYSE: WDC), Four Seasons (NYSE: FS), CheckFree (NASDAQ: CKFR), Taro Pharm (NASDAQ: TARO) and Lexar Media (NASDAQ: LEXR) this morning.

Western Digital (NYSE: WDC) cut to Underweight from Neutral at JP Morgan: expects WDC shares to underperform the group based on near-term challenges and valuation. Notes that WDC is trading at 1.0x CY03 sales, above the prior 5-yr historical range and matching the peak valuation from 1997. Four Seasons (NYSE: FS) cut to Reduce at UBS: downgrades to Reduce from Neutral based on valuation, as the stock has exceeded their $35...

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