Centurylink (NYSE:CTL) was downgraded by Piper Jaffray (NYSE: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 (NYSE:ESV) was downgraded by Deutsche Bank (NYSE:DB) to hold from buy with a price target of $58, due to capacity growth in the offshore market.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.