This morning, Evercore Partners downgraded shares of Zynga (NASDAQ:ZNGA) to underweight as sales growth came guidance came in lower than expected last night. With the downgrade, Evercore set a new price target of $10 per share.
Shares of Zynga were sharply lower on the news, falling more than 15% today.
And Morgan Stanley lowered its EPS estimates on shares of Research in Motion (RIMM) through 2014 as sales from Asia could come in lighter-than-expected. In the report, Morgan Stanley maintained its equal weight rating.
Shares of Research in Motion were higher despite the report, picking up 1.6% so far.
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