This morning, Baird downgraded shares of Tesla Motors (NASDAQ:TSLA) from outperform to neutral as the lofty stock price assumes the company will not face any delays in production or with the Model X. In the report, Baird maintains is $187 price target. Shares of Tesla were lower on Wednesday, falling 1.6% so far.
Deutsche Bank downgraded shares of Alcoa (NYSE:AA) from hold to sell noting that the sector could suffer further as the global economy cools. With the downgrade, Deutsche Bank set a $5.50 price target. Shares of Alcoa were lower by 1.5% today.
And Credit Suisse downgraded shares of Baxter (NYSE:BAX) from outperform to neutral as uncertainty exists within their pipeline. In the report, Credit Suisse set a $73 price target. Shares of Baxter were lower by 1.8% on the news.
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