This morning, Morgan Stanley downgraded shares of Mosaic (NYSE:MOS) from outperform to market perform following the news that the potash cartel was losing its biggest member. In the report, Morgan Stanley noted that prices could fall substantially, impacting both sales and earnings. Shares of Mosaic were lower again today, falling 6.2%.
Canaccord downgraded shares of Xylem (NYSE:XYL) from buy to hold as the stock lacks a near term catalyst. With the downgrade, Canaccord set a price target of $27 per share. Xylem shares were lower by 2.1% today.
And UBS lowered its EPS estimates on shares of Coach (COH) as the company has struggled to turn the company around. In the report, UBS set a new $55 price target. Shares of Coach were lower by 0.9% on Wednesday.
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