This morning, JP Morgan downgraded shares of Waste Management (NYSE:WM) from neutral to underweight as volatile commodity prices could impact growth at the company in the near term. With downgrade, JP Morgan lowered its price target to $34 per share.
In morning trading, shares of Waste Management were lower, falling 2.9% so far.
And UBS lowered its price target on shares of Alpha Natural Resources (ANR) to $15 following lower production numbers from the company. With the lower price target, UBS maintained its buy rating.
Shares of ANR were higher despite the report, picking up 1.7% today.
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.