This morning, Jefferies downgraded shares of Hewlett-Packard (NYSE:HPQ) from hold to underperform citing challenges in the mobile market. With the downgrade, Jefferies set a $14 price target.
Shares of HPQ were higher, despite the downgrade, picking up 0.9% today.
And UBS lowered its EPS estimates on shares of Apple (NASDAQ:AAPL) through 2013 as supply chain issues could reduce sales of the new iPhone 5. With the lower earnings estimates, UBS reiterated its buy rating and set a $780 price target.
Shares of Apple were modestly higher this morning, gaining 0.2%.
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.