This morning, Goldman Sachs downgraded shares of Illinois Tool Works (NYSE:ITW) from buy to neutral as the company is maxxing out its earnings potential. With the downgrade, Goldman Sachs set a price target of $50 per share.
In morning trading, shares of ITW were heading lower, off 2.1%.
Barclays downgraded shares of Omnicare (OCR) from overweight to underweight as the firm is concerned about reimbursement rates at the facilities. With the two-notch downgrade, Barclays also slashed its price target to $21 per share.
Shares of Omnicare were relatively flat today, following the steep drop earlier in the month.
And UBS lowered its price target on shares of Abercrombie & Fitch (NYSE:ANF) to $38 per share as the firm expects higher inventory levels to result in extended promotions at the teen retailer. UBS also lowered its EPS estimates on the stock as margins would be impacted, but maintained its neutral rating.
Shares of ANF were lower on the news, falling 1.8% so far today.
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