This morning, Robert Baird downgraded shares of Caterpillar (NYSE:CAT) from outperform to neutral as continued weakness from the mining sector could impact earnings at the company. Shares of Caterpillar were lower by 0.5% on the news.
And Morgan Stanley downgraded shares of Intuit (NASDAQ:INTU) to an underweight rating as the tax software segment is seeing slower growth. In the report, Morgan Stanley set a $62 price target. Shares of Intuit were lower by 1.6% 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.