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 (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.
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