This morning, Bank of America downgraded shares of Walter Energy (WLT) from buy to neutral as lower met coal prices will impact earnings. With the downgrade, Bank of America set a price target of $37 per share.
In morning trading, shares of WLT were lower, falling 1.5%.
And JMP lowered its price target on shares of Advanced Micro Devices (NASDAQ:AMD) to $2 citing slowing industry trends. With the lower price target, JMP lowered its EPS estimates through 2013 and reiterated its underperform rating.
Shares of AMD were lower on Monday, falling 2.2% on the news.
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