This morning, Citigroup reduced its price target on shares of Northern Trust (NASDAQ:NTRS) to $58 as a flatter yield curve will negatively impact earnings at the company. In the report, Citigroup also lowered its EPS estimates but maintained its buy rating.
Shares of Northern Trust were lower on the news, falling about 0.5% so far.
And Piper Jaffray downgraded shares of eBay (NASDAQ:EBAY) from overweight to neutral as the company loses market share to other online retailers like Amazon.com. With the downgrade, Piper set its price target at $30 per share.
In morning trading, shares of eBay were lower, falling just over 3% on the news.
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