This morning, Credit Suisse downgraded shares of Cobalt International Energy (NYSE:CIE) from outperform to neutral as the company is seeing lower production results. In the report, Credit Suisse set a $26 price target. Shares of Cobalt were lower on Tuesday, falling 3.5% so far.
UBS downgraded shares of Fusion-io (NYSE:FIO) from buy to neutral following the announcement of management changes. In the report, UBS noted that it is concerned about the changes and set a $11 price target. Shares of FIO were lower by 4.8% on the news.
And Goldman Sachs removed Pfizer (NYSE:PFE) from its Conviction Buy List citing valuation. The stock is approaching the firm's $35 price target, reducing the risk/reward profile for investors. Shares of Pfizer were lower on Tuesday, falling 1.5%.
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