Centurylink (CTL) was downgraded by Piper Jaffray (PJC) to neutral from overweight with a price target of $42 due to increased competition and higher dividend tax rates making the stock less attractive to investors.
Shares are lower by about three quarters of a percent.
Ensco (ESV) was downgraded by Deutsche Bank (DB) to hold from buy with a price target of $58, due to capacity growth in the offshore market.
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