This morning, Oppenheimer reduced its EPS estimates on shares of Exxon Mobil (NYSE:XOM) through 2014 as the company may not repurchase as many shares as previously estimated. In the report, Oppenheimer maintained its perform rating. Shares of Exxon Mobil were lower by 0.3% on Monday.
Credit Suisse lowered its price target on shares of Valspar (NYSE:VAL) to $72 as the company may see margins decrease going forward. In the report, Credit Suisse reduced its EPS estimates, but maintained its neutral rating. Shares of Valspar were lower by 0.9% on the news.
And Stifel Nicolaus downgraded shares of Halcon Resources (NYSE:HK) from buy to hold as the company's recent stock offering may dilute earnings going forward. In the report, Stifel lowered its EPS estimates through 2014 as well. Shares of Halcon Resources were lower by more than 6% today.
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.