Application server software company BEA Systemsundefined was down 6.6% in midmorning after falling 6.8% Wednesday. The stock was downgraded by Salomon Smith Barney to outperform from buy.

Prudential Securities

Wednesday downgraded the stock to hold from strong buy. Prudential said it expected BEA to meet earnings expectations, but slashed its price target to $41 from $85. Prior to the bad news, the stock had risen 70% in a week, surging 21% Tuesday.

TheStreet Recommends