This morning, Goldman Sachs reduced its EPS estimates on shares of WMS Industries (NYSE: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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