This morning, Jefferies downgraded shares of Panera Bread (PNRA) from buy to hold as the company could see a near-term decline in earnings as the company is making more investments to aid future growth. In the report, Jefferies set a price target of $195. Shares of Panera were flat on Tuesday, trading just below $174 per share.
UBS downgraded shares of Transocean (NYSE:RIG) from buy to neutral as the deepwater rig market could be experiencing a short-term bubble. With the downgrade, UBS set a $49 price target. Shares of Transocean were relatively flat today, trading around $46.50 per share.
And JP Morgan downgraded shares of Xcel (NYSE:XEL) from neutral to underweight as higher costs and slowing growth could weigh on earnings in the near term. With the downgrade, JP Morgan set a $27 price target. Shares of Xcel were higher on Tuesday, picking up nearly 1%.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.