This morning, Guggenheim downgraded shares of Bank of America (NYSE:BAC) from buy to neutral as the slowdown in mortgages is impacting the entire sector. With the downgrade, Guggenheim set a $17 price target. Shares of Bank of America were today, falling 0.9% so far.
Stifel Nicolaus downgraded shares of Nike (NYSE:NKE) from buy to hold as the company is seeing higher costs that could weigh on future earnings. Shares of Nike were higher, despite the report, gaining 4.9% today.
And Piper Jaffray lowered its price target on shares of Qualcomm (NASDAQ:QCOM) to $66 as recent channel checks have revealed production slowdowns. In the report, Piper maintained its neutral rating. Shares of Qualcomm were lower by 1.8% on Friday.
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