This morning, Imperial Capital downgraded shares of HollyFrontier (NYSE:HFC) from outperform to in-line as refining margins are on the decline. With the downgrade, Imperial set a $41 price target. Shares of HollyFrontier were lower by 1.5% on the news.
And Bank of America downgraded shares of Qualcomm (NASDAQ:QCOM) from buy to neutral as weakness within the sector could impact earnings. In the report, Bank of America lowered its EPS estimates and set a $75 price target. Shares of Qualcomm were lower by 1.2% today.
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