This morning, Deutsche Bank downgraded shares of Textron (NYSE:TXT) from buy to hold as the firm is concerned that the business jet market is losing steam. With the downgrade, Deutsche Bank set a price target of $30 per share.
In afternoon trading, shares of Textron were lower, falling 1.4%.
And Bank of America downgraded shares of OpenTable (NASDAQ:OPEN) from buy to neutral citing valuation. The stock has gained more than 50% this year and is approaching the firm's $121 price target.
Shares of OpenTable were lower on the news, falling 2% today.
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