This morning, Citigroup downgraded shares of Blackberry (NASDAQ:BBRY) from neutral to sell as management continues to insist that it will not break up the company to unlock value. In the report, Citigroup lowered its price target from $7 down to $4. Shares of Blackberry were modestly lower on Wednesday, falling 0.3%.
UBS lowered its price target on shares of Stanley Black & Decker (NYSE:SWK) to $89 as some segments are seeing lower margins. In the report, UBS maintained its buy rating but cautioned that organic sales growth remains a concern for 2014. Shares of SWK were lower by 1.5% on the news.
And Deutsche Bank downgraded shares of Entergy (NYSE:ETR) from buy to hold as the debt-intensive utility sector could be impacted when the Federal Reserve begins to taper. In the report, Deutsche Bank set a $64 price target. Shares of Entergy were lower by 0.5% today.
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