This morning, UBS reduced its EPS estimates on shares of Halliburton (NYSE:HAL) as margins could see weakness as service contract renewals face pricing pressure. In the report, UBS set a $60 price target and maintained its buy rating. Shares of Halliburton were higher with the market today, climbing 1.4% so far.
BMO lowered its price target on shares of McDonald's (NYSE:MCD) to $105 following disappointing sales in yesterday's earnings report. With the lower price target, BMO maintained its market perform rating. Shares of MCD were modestly higher today, gaining 0.2% to trade just below $95 per share.
And Goldman Sachs downgraded shares of Ruckus Wireless (NYSE:RKUS) from buy to neutral citing valuation. The stock is trading at a PE ratio of 36 based on 2015 earnings estimates and has less room to run from here. With the downgrade, Goldman set a $19 price target. Shares of Ruckus Wireless were lower by 4.8% on Tuesday.
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