H&R Block (NYSE:HRB) was downgraded by Morgan Stanley (NYSE:MS) to equal weight from underweight with a price target of $17 due to IRS delays and a recent run up in the stock price that limits near term upside.
Shares are lower by about 3.7 percent.
IBM (NYSE:IBM) was downgraded by JP Morgan (NYSE:JPM) to neutral from overweight with a price target of $197, as the company has low growth potential.
Shares are lower by about nine tenths of a percent.
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