This morning, Citigroup downgraded shares of Valspar (NYSE:VAL) from buy to hold as the weak housing market has limited paint sales during the summer months. With the downgrade, Citigroup set a price target of $32 per share.
In morning trading, shares of Valspar were lower, off 1.5% today.
Barclays lowered its EPS estimates on shares of Chesapeake Midstream Partners (CHKM) to $1.51 in 2011 as the earnings picture isn't as positive as it once was. In the report, Barclays set a price target of $26 per share while maintaining its overweight rating.
Shares of CHKM were higher, despite the report, picking up 0.8% today.
And ThinkEquity lowered its price target on shares of Shanda Games (GAME) to $6 as issues involving the company's top games could impact earnings. In the report, the firm maintained its hold rating, taking a wait and see approach to the situation.
Shares of Shanda Games were lower on the news, falling 5.7%.
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