Cedar Shopping Centers - Upgrades & Downgrades

NEW YORK ( TheStreet) -TheStreet Ratings' stock model downgraded Cedar Shopping Centers Inc ( CDR) to 'Sell' from 'Hold'. Net income at this $403 million market cap, shopping center REIT contracted to a loss of $4.1 million in the third quarter compared to a gain of $3.4 million in the year earlier quarter.

TheStreet Ratings released rating changes on five U.S. common stocks for January 9, 2011. In total, two stocks were upgraded and three stocks were downgraded by our stock model.

In the third quarter, Cedar Shopping Centers reported $40.1 million in revenue, a decrease of 10.9% over the year earlier quarter. Learn more about Cedar Shopping Centers: Company Profile, Income Statement, Balance Sheet, Stock Ratios, Analyst Ratings.

$35.7 billion market cap, telecom company, Ericsson (LM) Telefon ( ERIC) was upgraded to 'Buy' from 'Hold'. In third quarter results, Ericsson (LM) Telefon reported a profit of $603 million, a gain of 297.5% compared to the same quarter a year earlier. Over the same period, revenue grew by 8.7% to $8.8 billion. Learn more about Ericsson (LM) Telefon: Company Profile, Income Statement, Balance Sheet, Stock Ratios, Analyst Ratings.

-- Reported by Kevin Baker in Jupiter, FL.

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Kevin Baker became the senior financial analyst for TheStreet Ratings upon the August 2006 acquisition of Weiss Ratings by TheStreet.com, covering mutual funds. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.

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