This morning, Sterne Agee reduced its price target on shares of Cisco (NASDAQ:CSCO) to $25 following the company's announcement regarding lower guidance for next year. In the report, Sterne Agee also lowered its own EPS estimates. Shares of Cisco were lower by 1.1% today.
BMO Capital lowered its EPS estimates on shares of Merck (NYSE:MRK) through 2015 as Januvia sales will likely be lower than originally anticipated. In the report, BMO maintained its outperform rating and set a $54 price target. Shares of Merck were modestly higher on Friday, gaining 0.2%.
UBS lowered its price target on shares of Lululemon (NASDAQ:LULU) to $66 after the company's 2014 sales guidance came out lighter than anticipated. In the report, UBS noted that demand may be weak next year and reiterated its neutral rating. Shares of Lululemon were lower again on Friday, falling another 2.4% on the news.
And JP Morgan downgraded shares of Anadarko Petroleum (NYSE:APC) from equal weight to underweight following the Tronox ruling. In the report, JP Morgan said it expects to underperform until further uncertainty regarding the ruling is alleviated. Shares of APC were lower by 7.7% on Friday.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.