This morning, Goldman Sachs downgraded shares of Advanced Micro Devices (NYSE:AMD) from neutral to sell as the stock price has become overbought. In the report, Goldman Sachs set a price target on $2.50 per share. Shares of AMD were lower by more than 14% today.
JP Morgan downgraded shares of Chesapeake Energy (NYSE:CHK) from overweight to neutral citing lack of near-term catalysts to move the stock higher. Shares of CHK were lower on the news, falling 2.3%.
And Credit Suisse downgraded shares of Medtronic (NYSE:MDT) from outperform to neutral citing valuation. In the report, Credit Suisse set a $53 price target. Shares of Medtronic were lower on Thursday, falling 0.6%.
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.