Globe Specialty (NASDAQ:GSM) was downgraded today by JP Morgan (NYSE:JPM) to neutral with a price target of $15.50, as the company is leveraged to lower metal/alloy and silicon prices.
Shares are lower by over 2.7 percent.
Newfield Exploration (NFX) was downgraded today by UBS (NYSE:UBS) to neutral from buy with a price target of $41, as the company issued vague guidance for 2012 production.
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