This morning, BMO Capital lowered its price target on shares of M&T Bank (NYSE:MTB) to $121 following the company's reduction in earnings guidance. In the report, BMO lowered its EPS estimates as well, but maintained its market perform rating. Shares of M&T Bank were
Bank of America initiated coverage on shares of Sprouts Farmers Market (NASDAQ:SFM) with an underperform rating citing valuation. In the report, Bank of America noted that the share price has already doubled since the IPO in August. In the report, Bank of America set a $37 price target. Shares of SFM were lower by 4.5% on the news.
And Credit Suisse downgraded shares of Marathon Petroleum (NYSE:MPC) from outperform to neutral as spreads remain tight in the refining sector. Shares of MPC were lower by just over 2% today.
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