This morning, Deutsche Bank downgraded shares of Mednax (NYSE:MD) from buy to hold citing valuation. The stock has climbed more than 40% since September and is approaching the firm's price target of $75 per share.
In morning trading, shares of Mednax lower, falling 0.4% so far.
And Sterne Agee downgraded shares of Skechers USA (NYSE:SKX) from hold to sell as inventory continues to build at the apparel company. With the sell rating, the firm set a price target of $16 per share.
Shares of SKX were sharply lower on Tuesday, falling almost 9%, but still above the analyst's price target.
And Brean Murray downgraded shares of Urban Outfitters (NASDAQ:URBN) from buy to hold citing valuation. The stock has climbed more than 20% since November and could face headwinds from increased competition.
Shares of Urban Outfitters were lower on the news, falling 0.7% so far.
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