This morning, UBS lowered its EPS estimates on shares of Occidental Petroleum (NYSE:OXY) citing concerns over slowing US oil production growth. In the report, UBS set a new $94 price target. Shares of OXY were higher on Wednesday, picking up 0.8%.
BMO Capital Markets downgraded shares of SanDisk (SNDK) to an underperform rating as decreased demand for memory products will impact margins going forward. Shares of SanDisk were rebounding after the sharp sell off, picking up 1.9% today.
And Wells Fargo downgraded shares of Nvidia (NASDAQ:NVDA) from outperform to market perform as the company could see its market share slip. In the report, Wells Fargo set a price target range of $14 to $17. Shares of NVDA were flat today, trading just above $14.40.
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