This morning, Wells Fargo lowered its EPS estimates on shares of Target (NYSE:TGT) through 2014 as sales growth could slow over the coming quarters. On the news, shares of Target were heading lower, falling 0.9% on Wednesday.
Keybanc downgraded shares of Aeropostale (NYSE:ARO) to an underweight rating as the company is seeing higher competition which could pressure margins. With the downgrade Keybanc set a $10 price target. Shares of ARO were lower by 3.4% on the news.
And DA Davidson downgraded shares of Cree (NASDAQ:CREE) from buy to neutral following a weak earnings report last night. In the report, Davidson noted that weaker sales growth is impacting margins, prompting the firm to set a $65 price target. Shares of Cree were sharply lower today, falling more than 17% so far.
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