This morning, UBS reduced its price target on shares of Endo Health Solutions (ENDP) to $39 per share following an unfavorable FDA ruling last week. In the report, UBS slashed its EPS estimates as well. Shares of ENDP were lower again today, falling 3.5%.
Bank of America downgraded shares of Prudential (NYSE:PRU) from buy to neutral citing valuation. Strong first quarter results have pushed the stock price higher this year, leaving less upside on a risk/reward basis. However, in the report, Bank of America did increase its price target to $69. Shares of Prudential were lower today, falling 0.4%.
And Deutsche Bank downgraded shares of Autozone (NYSE:AZO) from buy to hold, also citing valuation. The stock has surpassed the firm's $410 price target, triggering the downgrade this morning. Shares of Autozone were lower today, falling 2.2%.
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