This morning, Deutsche Bank downgraded shares of Alaska Air (NYSE:ALK) from buy to hold as the airline is seeing greater competition in key markets. With the downgrade, Deutsche Bank set a $70 price target. Shares of Alaska Air were lower on the news, falling 4.5% today.
And Wells Fargo downgraded shares of Crown Holdings (NYSE:CCK) from outperform to market perform as headwinds from Europe could impact earnings. Shares of Crown Holdings were lower by 0.3% on Tuesday.
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.