Sysco (NYSE:SYY) was downgraded by Morgan Stanley (NYSE:MS) from underweight to equal-weight with a price target of $27 as margins have been pressured due to food inflation.
Shares are lower by nearly 2.4 percent.
Walter Energy (NYSE:WLT) was downgraded by Deutsche Bank (NYSE:DB) to hold from buy, as the stock price is approaching the the $42 price target previously set.
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