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%.
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