Analysts at Goldman Sachs Adjust Ratings on AutoZone and Research in Motion Monday, September 13, 3:55 PM ET
This morning, Goldman Sachs downgraded shares of AutoZone (NYSE:AZO) from neutral to sell citing valuation. The stock price has climbed above the firm's price target of $215 per share and is in the overbought territory.
In morning trading, shares of AutoZone lower, losing about 1% so far.
Credit Suisse downgraded shares of PG&E (NYSE:PCG) from outperform to neutral following the pipeline explosion last week. The company now faces unwanted scrutiny from state and federal regulators prompting Credit Suisse to lower its price target to $45 per share.
Shares of PG&E were lower on the news, falling about 1.6%.
And Goldman Sachs lowered its EPS estimates on shares of Research in Motion (RIMM) through 2013 as competition in the smartphone market intensifies. The firm is concerned that Apple (AAPL) will continue to take market share away from the company and maintained its sell rating in the report.
Shares of Research in Motion were higher, despite the report from Goldman, gaining almost 0.4% today.
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