This morning, Canaccord Genuity downgraded shares of Williams-Sonoma (WSM) from buy to hold as margins could come under pressure over the next few quarters. In the report, Canaccord set $59 price target. Shares of Williams-Sonoma were lower by 1.4% on the news.
Oppenheimer downgraded shares of Corning (GLW) from outperform to perform as the display unit could see a slowdown over the rest of 2013. Shares of Corning were lower by 0.8% on Tuesday.
And Raymond James lowered its EPS estimates on shares of Blackberry (BBRY) through 2015 as recent product launches have not seen encouraging sales trends. In the report, Raymond James maintained its market perform rating. Shares of Blackberry were higher on the Nokia-Microsoft news today, picking up nearly 2% despite the negative report.
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