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.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.