This morning, UBS downgraded shares of Automatic Data Processing (ADP) from buy to neutral citing valuation. The stock is approaching the firm's $59 price target, leaving less upside for investors.
Shares of ADP were lower on the news, falling 1.1% today.
And Credit Suisse downgraded shares of Anixter International (AXE) from neutral to underperform as growth from Europe could be slower than anticipated. With the downgrade, Credit Suisse set a price target of $60 per share.
Shares of Anixter lower on Tuesday, falling over 4% on the downgrade.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.