This morning, Bank of America downgraded shares of Air Products and Chemicals (NYSE:APD) from neutral to underperform citing valuation. The stock has pushed through the firm's $90 price target, making it less attractive on a risk/reward basis. Shares of APD were lower on the news, falling 2.6% today.
And Sterne Agee lowered its price target on shares of Carbo Ceramics (CRR) to $73 as uncertainty in Mexico is cause for concern in the near term. With the lower price target, Sterne Agee maintained its neutral rating. Shares of Carbo Cermaics were flat on Thursday, trading just above $65.60.
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