This morning, Morgan Stanley downgraded shares of Disney (NYSE:DIS) from overweight to equal weight as the stock lacks a near-term catalyst to propel it higher. With the downgrade, Morgan Stanley set a $70 price target. Shares of Disney were lower by 1.1% today.
Wells Fargo downgraded shares of General Mills (NYSE:GIS) from outperform to market perform as yesterday's earnings report revealed weakness in the US retail market. Shares of General Mills were lower by 2% on the news.
And Credit Suisse initiated coverage on shares of Cisco (NASDAQ:CSCO) with an underperform rating as there are concerns margins could decline from here. With the downgrade, Credit Suisse set a $21 price target. Shares of Cisco were lower by nearly 1% today.
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