This morning, Goldman Sachs reduced its EPS estimates on shares of WMS Industries (WMS) through 2013 as industry demand begins to slow. In the report, Goldman maintained its sell rating and set price target of $27 per share.
In morning trading, shares of WMS were sharply lower, falling more than 15% so far.
BMO downgraded shares of Alcoa (NYSE:AA) to underperform after a disappointing earnings report last night. The firm noted that cash flows were weaker-than-expected and has set a price target of $15 per share.
Alcoa shares were lower on Tuesday morning, falling nearly 5%, but still trading above BMO's price target.
And Sterne Agee downgraded shares of Aon (NYSE:AON) from buy to neutral citing valuation. The stock has advanced more than 15% since the beginning of February and is approaching the firm's $60 price target.
Shares of Aon were lower following the news, falling a little more than 2% today.
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