This morning, Stifel Nicolaus downgraded shares of Microsoft (NASDAQ:MSFT) from buy to hold as the company is competitive pricing pressure that could lead to lower margins. In the report, Stifel noted that expenses have remained higher to further compound the margin issues. Shares of Microsoft were lower by 0.8% on the news.
Credit Suisse downgraded shares of Fifth Third (NASDAQ:FITB) from outperform to neutral as the bank could see cyclical declines take hold, especially with mortgage banking. In the report, Credit Suisse set a price target of $21.25. Shares of FITB fell by 0.5% on Tuesday.
And Credit Suisse also lowered its price target on shares of Compass Minerals (NYSE:CMP) to $68 as lower commodity prices will impact earnings and sales, especially in the salt markets. In the report, Credit Suisse reiterated its underperform rating. Shares of Compass Minerals were lower by a little more than 1% today.
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