Columbia Sportswear (NASDAQ:COLM) was downgraded by Citigroup (NYSE:C) from neutral to sell with a price target of $45 due to several negative catalysts in the pipeline, as well as a changing environment.
Shares are lower by about 3.5 percent.
Merck (NYSE:MRK) was downgraded by Morgan Stanley (NYSE:MS) to underweight form equal weight as the company's clinical portfolio will show weakness in the near term.
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