This morning, JMP Securities downgraded shares of Callaway Golf (NYSE:ELY) from outperform to market perform following the company's weak guidance. With the company guiding for no growth year-over-year, the firm sees less upside for investors at the moment.
Following the report, shares of Callaway dipped lower in morning trading, losing more than 7%.
And FBR trimmed its price target on shares of the Home Depot (NYSE:HD) from $40 per share down to $36 as the firm expects second quarter sales to be unimpressive. Investors will have to wait about two months for the home improvement retailer to report these earnings and FBR still maintains its outperform rating.
Shares of HD were heading lower on Tuesday, losing about 1% so far.
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