This morning, Citigroup lowered its price target on shares of Philip Morris (NYSE:PM) to $68 as earnings could be impacted from currency changes. With the lower price target, Citigroup reduced its EPS estimates and maintained its hold rating.
Shares of Philip Morris were lower on Wednesday, falling 0.8% so far.
And UBS lowered its EPS estimates on shares of Equity One (NYSE:EQY) through 2012 following the sale to Blackrock (NYSE:BLK). In the report, UBS maintained its neutral rating and its $18 price target.
Shares of Equity One were lower on the news, falling 1.1% today.
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