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Analyst Actions: Blue Nile, First Solar, Applied Materials, Cephalon

Opinions on various stocks on Wednesday

CITIGROUP CUTS BLUE NILE TO HOLD FROM BUY

Citigroup analyst Mark Mahaney says Blue Nile's (NILE) $0.45 EPS beat the Street's $0.44 estimate due to lower-than-expected tax rate. Blue Nile's 2008 view for "at least 10%" revenue growth and flattish GAAP EPS compare to his estimates of gains of 17% and 19%, respectively. Blue Nile's projection for no growth in the first quarter implies material deceleration from the fourth quarter's 24%.