This morning, Credit Suisse downgraded shares of IBM (NYSE:IBM) from neutral to underperform as free cash flow is on the decline. In the report, Credit Suisse set a $175 price target. Shares of IBM were lower by 2.2% on the news.
Citigroup downgraded shares of Kosmos Energy (NYSE:KOS) from buy to neutral as the firm does not see a catalyst for the stock to move higher over the next twelve months. With the downgrade, Citigroup set a $12 price target. Shares of Kosmos Energy were lower by 2.5% on Tuesday.
And Compass Point downgraded shares of Cardtronics (NASDAQ:CATM) from buy to neutral citing valuation. The stock is approaching the firm's $36 price target, reducing the risk/reward profile. Shares of Cardtronics were lower by 0.8% today.
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