This morning, Nomura downgraded shares of US Steel (NYSE:X) from buy to neutral as earnings could suffer as prices soften. with the downgrade, Nomura set a price target of $20 per share.
In morning trading, shares of US Steel were lower by 3.9%.
UBS lowered its price target on shares of Bed, Bath & Beyond (NASDAQ:BBBY) to $71 as the second quarter saw margins shrinking. With the lower price target, UBS maintained its neutral rating.
Shares of Bed, Bath & Beyond were sharply lower today, falling more than 7% so far.
And JMP reduced its EPS estimates on shares of Adobe (NASDAQ:ADBE) through 2013 following a disappointing forecast from the company last night. In the report, JMP maintained its underperform rating and set a $26 price target.
Shares of Adobe were higher despite the disappointing news, gaining 1.8% today.
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