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Analyst Moves: IRM, S, INTC
Friday, June 7, 2:13 PM ET

This morning, Stifel Nicolaus downgraded shares of Iron Mountain (NYSE:IRM) from buy to hold as the company's chances of converting into a REIT are declining. Shares of Iron Mountain were lower by more than 15% on the news.

Nomura downgraded shares of Sprint Nextel (NYSE:S) to a neutral rating citing valuation. Shares of Sprint Nextel are approaching the firm's $7.50 price target creating a less favorable risk/reward profile. Shares of Sprint Nextel were flat on Friday.

And Piper Jaffray downgraded shares of Intel (NASDAQ:INTC) from neutral to underweight as improving market sentiment will not overcome the decline in PC sales. In the report, Piper set a $20 price target. Shares of Intel were relatively flat today, trading just below $25 per share.

For MarketNewsVideo.com, I'm Sayoko Murase.

Analyst Moves:  IRM, S, INTC picture
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Analyst Moves: IRM, S, INTC | Market News Video | Copyright © 2008 - 2016, All Rights Reserved

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