This morning, Jefferies reduced its price target on shares of Carnival (NYSE:CCL) to $31 as the company is falling behind competitor Royal Caribbean (RCL). In the report, Jefferies lowered its EPS estimates as well, but maintained its hold rating. Shares of Carnival were lower by 0.4% on the news.
Goldman Sachs removed Monsanto (MON) from its Conviction Buy List following the company's reduction to earnings guidance this week. In the report, Goldman set a $118 price target. Shares of Monsanto were lower on Thursday, falling 0.4% today.
And Pivotal Research downgraded shares of Facebook (FB) from buy to hold citing valuation. The stock has passed through the firm's $48 price target reducing the risk/reward profile for investors. Shares of Facebook were lower on the news, falling just over 1% today.
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