This morning, Morgan Stanley downgraded shares of Carnival (NYSE:CCL) from equal weight to underweight following the company's disappointing guidance. In the report, Morgan Stanley also set a $32 price target. Shares of Carnival were lower on the news today, falling nearly 5% so far.
Goldman Sachs removed Dollar Tree (NASDAQ:DLTR) from its Conviction Buy List today citing valuation. The stock has advanced considerably over the past several quarters and its approaching the firm's $65 price target. Shares of Dollar Tree were lower by 0.6% on the news.
And Wedbush Morgan downgraded shares of Cypress Semiconductor (NASDAQ:CY) from outperform to neutral following the surprised reduction in guidance from management. In the report, Wedbush also reduced its price target from $14 per share down to $10. Shares of Cypress were lower on Wednesday, falling 2.3% 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.