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Analyst Actions: MF Global, Big 5 Sporting Goods, Sprint Nextel

Analyst Actions: MF Global, Big 5 Sporting Goods, Sprint Nextel

CREDIT SUISSE DOWNGRADES MF GLOBAL TO NEUTRAL FROM OUTPERFORM

Credit Suisse analyst Howard Chen says the magnitude of MF Global Ltd.'s (MF) trading loss is disconcerting and calls into question the degree of risk taking/risk management. He says while it appears its customer business is largely unaffected, he sees heightened risk profile for MF shares in the near- to intermediate-term. Fundamentally, more limited capital flexibility is top of mind to him.