This morning, Stifel Nicolaus downgraded shares of TripAdvisor (NASDAQ:TRIP) from buy to hold citing valuation. In the report, Stifel noted that the stock has pushed through the $58 price target, creating a less favorable risk/reward profile. Shares of TripAdvisor were sharply lower today, falling just about 5%.
And Benchmark lowered its price target on shares of Big Lots (NYSE:BIG) to $35 as the company is seeing weaker sales. In the report, Benchmark reduced its EPS estimates and reiterated its hold rating.
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