Wall St. Watchdog reveals information about companies for which stock analysts downgraded shares in the Industrial Goods sector for the week ending October 28th, 2011

• Armstrong World Industries (NYSE:AWI): BB&T Capital Mkts downgraded its rating on this company from Buy to Hold. About the company: Armstrong World Industries, Inc. designs and manufactures floors, ceilings, and cabinets in the United States and other countries around the world.
• Regal-Beloit (NYSE:RBC): BB&T Capital Mkts downgraded its rating on this company from Buy to Hold. About the company: Regal-Beloit Corporation manufactures a line of mechanical products that control motion and torque and electrical products such as motors and generators. The Company’s products include gearboxes, automotive transmissions, rotary cutting tools, electric motors, and electric generators. Regal-Beloit sells its products to distributors, original equipment manufacturers, and end users.
• Watts Ind (NYSE:WTS): BB&T Capital Mkts downgraded its rating on this company from Buy to Hold. About the company: Watts Water Technologies, Inc. designs, manufactures, and sells a line of products to the water regulation and control markets. The Company has manufacturing plants and distribution channels in the United States, Canada, and Europe, as well as a joint venture in The People’s Republic of China.
• Foster Wheeler (NASDAQ:FWLT): Standpoint Research downgraded its rating on this company from Buy to Hold. About the company: Foster Wheeler AG provides design, engineering, construction, manufacturing, project development and management, research, plant operations, and environmental services. The Company serves the petrochemical, petroleum and gas, pharmaceutical, chemical processing, and other industries. Foster Wheeler’s products include fired heaters and steam generating units.
• Teledyne Tech (NYSE:TDY): KeyBanc Capital Mkts downgraded its rating on this company from Buy to Hold. About the company: Teledyne Technologies Incorporated provides electronic and communication products, for wireless and satellite systems, and communications equipment for aircraft. The Company also manufactures aviation and missile engines, on-site power generation systems, and provides systems engineering solutions and information technology for space, defense and industrial applications.

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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