This morning, Jefferies lowered its price target on US Steel (X) to $22 as lower demand is hurting pricing. In the report, Jefferies reiterated its hold rating on the stock.
Shares of US Steel were lower on Monday, falling 4.1% on the news.
Benchmark reduced its EPS estimates on shares of Rackspace (RAX) through 2013 as cloud commuting growth could slow. In the report, Benchmark maintained its buy rating, but set a lower $63 price target.
Shares of Rackspace were higher, despite the report, climbing 0.7% today.
And Deutsche Bank lowered its EPS estimates on shares of FedEx (FDX) through 2013 as the accelerated depreciation of aircraft will impact earnings per share in future fiscal years. In the report, Deutsche Bank maintained its buy rating and its $123 price target.
Shares of FDX were lower on Monday, falling 0.3% so far.
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