H.J. Heinz (NYSE:HNZ) was downgraded today by Jefferies (JEF) from hold to buy with a price target of $56, as the firm believes that profits are unlikely to be stellar until a recovery occurs in the North American market.
Shares are lower by about two tenths of a percent.
Lululemon (NASDAQ:LULU) was downgraded today by KeyBanc (NYSE:KEY) from buy to hold, as the firm believes that caution is in order with companies that deal with the U.S. high end consumer.
Shares are lower by about eight tenths of a percent.
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