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Analyst Moves: COP, ACI
Wednesday, May 2, 5:13 PM ET

ConocoPhillips (NYSE:COP) was downgraded today by Bank of America/Merrill Lynch to underperform as the stock price is approaching the $63 price target set by the firm.

Shares are lower by about 3.3 percent.

Arch Coal (NYSE:ACI) today had its estimates reduced by Credit Suisse (NYSE:CS) numbers were reduced at Credit Suisse due to lower demand. An $11 price target was issued with a neutral rating.

Shares are lower by about seven percent.

For MarketNewsVideo.com, I'm Sayoko Murase.

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