This morning, Wunderlich downgraded shares of Sirius XM Radio (NASDAQ:SIRI) from buy to hold citing valuation. The stock had surpassed the firm's $1.65 price target and was once again fully valued.
In morning trading, shares of Sirius XM Radio had fallen 3.4% and were once again back to Wunderlich's price target of $1.65.
UBS lowered its EPS estimates on shares of Adobe (NASDAQ:ADBE) through 2012 following the company's weaker-than-expected guidance. In the report, UBS maintained its buy rating and set a price target of $40.
Shares of Adobe were sharply lower on Wednesday, falling 6.4% so far.
And Goldman Sachs removed Carnival (NYSE:CCL) from its conviction buy list as higher fuel prices are squeezing margins at the company. Despite the report, Goldman maintained its buy rating and its $51 price target.
Shares of CCL were lower, falling 0.7% on Wednesday morning.
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