Downgrades: BRK.B, AMTD, HRB Thursday, July 8, 3:37 PM ET
This morning, Stifel Nicolaus downgraded shares of Berkshire Hathaway (NYSE:BRK.B) from hold to sell ahead of earnings season. The firm is concerned that macroeconomic issues could weight on the earnings of companies in the Berkshire portfolio.
In morning trading, shares of Berkshire Hathaway's Class B shares were lower by about 0.4% so far.
Morgan Stanley reduced its price target on shares of TD Ameritrade (NYSE:AMTD) to $26 per share as the recent volatility in the stock market could drive many retail investors to safer investment choices. In the report, Morgan Stanley also lowered its EPS estimates for the year, but maintained its overweight rating.
Shares of TD Ameritrade were heading higher, despite the report, gaining a little more than 1.5% today.
Investment firm Barrington downgraded shares of H&R Block (NYSE:HRB) from outperform to market perform citing the departures of a few notable executives at the company over the past few months. Barrington is taking a cautious approach with H&R Block and is concerned about the timing of these departures.
Shares of H&R Block were hit hard by the news today, falling just under 10% this morning.
Praxair Enters Oversold Territory Thursday, October 2, 12:26 PM ET, by Market News Video Staff The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...
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