DirecTV (NASDAQ:DTV) was downgraded by JP Morgan (NYSE:JPM) to neutral from overweight with a price target of $58 as the company will be performing fewer buybacks in the coming quarters.
Shares are lower by about two percent.
Lazard (NYSE:LAZ) was rated a new sell by UBS (NYSE:UBS) with a price target of $25, as it is a mature business with stretched expectations and valuation.
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