Molson Coors (NYSE:TAP) was downgraded by Morgan Stanley (NYSE:MS) to underweight from equal weight with a price target of $45 as the company is growing slower than its peers, despite the stock price being up by 18% this year.
Shares are lower by nearly four percent.
Alliant Techsystems (ATK) was downgraded by Jefferies (JEF) from buy to hold with a price target of $56 due to a lack of new catalysts to drive the stock price higher.
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