Rhythms NetConnections Sinks on Downgrade

Rhythms NetConnections

(RTHM)

was down 12.1% in midmorning after hitting a 52-week low of 88 cents.

Salomon Smith Barney

downgraded the DSL services provider to neutral from buy and slashed its price target to $1 from $10. The stock is down from a 52-week high of $50.