This morning, Credit Suisse reduced its price target on shares of ConAgra (NYSE:CAG) to $34 following the company's weaker-than-expected guidance this week. In the report, Credit Suisse also lowered its EPS estimates, but maintained its neutral rating. Shares of ConAgra were relatively flat on Friday, trading just below $31 per share.
Goldman Sachs downgraded shares of Solarwinds (NYSE:SWI) from neutral to sell noting macroeconomic conditions could pressure earnings. With the downgrade, Goldman Sachs set a $35 price target. Shares of Solarwinds were lower by 3.5% on the news.
And Credit Suisse also downgraded shares of Clorox (NYSE:CLX) from neutral to underperform as the company's 2014 goals may be beyond reach. With the downgrade, Credit Suisse set a $78 price target. Shares of Clorox were lower by nearly 1% today.
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