NII (NIHD) was downgraded today by JP Morgan (NYSE:JPM) from overweight to neutral with a price target of $22, as the firm believes that 2012 will be a transitional year to the company and there will be little price appreciation in the stock for investors.
Shares are lower by almost 4.8 percent.
Wright Medical (NASDAQ:WMGI) was downgraded by BMO (NYSE:BMO) to market perform with a $15 price target, as the company cut guidance and it will likely be several quarters before the business model is back on track.
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