This morning, Citigroup downgraded shares of Lorillard (NYSE:LO) from buy to hold as menthol regulation issues still present a significant downside for the tobacco company. With the downgrade, Citigroup set a its price target at $95 per share.
In morning trading, shares of Lorillard were lower, falling 1.4% so far today.
And JP Morgan downgraded shares of Valspar (NYSE:VAL) from overweight to neutral as the company may have difficulties passing higher costs on to customers. With the downgrade, the firm set a price target of $33 per share.
Valspar shares were lower, falling 1.1% on Friday.
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