This morning, Stifel Nicolaus downgraded shares of Apache (NYSE:APA) from buy to hold noting the company's exposure to Egypt and the country's political disarray. In the report, Stifel set a $90 price target. Shares of Apache were lower by 2.9% on Monday.
BMO Capital downgraded shares of Southwestern Energy (NYSE:SWN) from outperform to market perform citing valuation. The stock is approaching the firm's $40 price target, reducing the risk/reward profile for investors. Shares of SWN were relatively flat today, trading around $37 per share.
And JMP Securities downgraded shares of Riverbed Technology from outperform to market perform following the announcement that the company's president is leaving. Shares of Riverbed were lower by just 0.3% today, likely buoyed by the company's expanded share repurchase program.
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