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 (NYSE: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.
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