This morning, Bank of America downgraded shares of Marriott International (NYSE:MAR) from buy to neutral as the company could see bookings slow as the economy weakens. With the downgrade, Bank of America set a price target of $34.
Shares of Marriott were modestly lower on the news, falling 0.3% so far.
Sterne Agee downgraded shares of Texas Instruments (NASDAQ:TXN) from buy to neutral. The firm noted that weaker demand from both industrial and consumer end-users could impact earnings going forward.
Shares of TXN were higher despite the report, gaining 0.7% today.
And JP Morgan downgraded shares of Parker Hannifin (NYSE:PH) from overweight to neutral as growth is slowing at the company. With the downgrade, JP Morgan set a $83 price target.
Shares of Parker Hannifin were modestly lower on Wednesday, falling 0.25%.
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