This morning, Morgan Stanley downgraded shares of First Horizon National (NYSE:FHN) from overweight to neutral citing valuation. The stock has outperform the sector for nearly 18 months meaning additional upside in the near-term could be difficult. In the report, Morgan Stanley set a price target of $11.25. Shares of FHN were flat on Thursday.
Berenberg downgraded a couple of tech heavy weight this morning citing future innovation concerns. The firm lowered its rating on Oracle (NYSE:ORCL) and VMWare (VMW) to a sell rating, assigning a $28 price target to ORCL and a $57 price target to VMW. Shares of Oracle were lower by 2.3% today, while shares of VMWare were higher by over 6%.
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