This morning, Citigroup downgraded shares of Alexion Pharmaceuticals (NASDAQ:ALXN) from buy to hold citing valuation. The stock has gained more than 18% over the past two months and is pushing up against the firm's price target of $91 per share.
In morning trading, shares of Alexion were retreating, pulling back about 1.1% so far.
And Goldman Sachs lowered its price target on shares of Expeida (NASDAQ:EXPE) to $26 as margins are expected to shrink this year. With the lower price target, Goldman reduced its EPS estimates through 2012 and maintained its neutral rating.
Shares of Expedia were sharply lower on Friday, falling more than 15% this morning.
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