This morning, Goldman Sachs removed Tumi (TUMI) from its conviction buy list as the stock lacks the near-term catalyst to propel it higher. In the report, Goldman set a $28 price target. Shares of Tumi were lower by 1.3% today.
Jefferies reduced its price target on shares of Aeropostale (ARO) to $12 as the company's turnaround efforts are taking longer than anticipated. In the report, Jefferies lowered its EPS estimates, but maintained its buy rating. Shares of Aeropostale were lower by 1.9% on the news.
Deutsche Bank downgraded shares of Citigroup (NYSE:C) from buy to hold noting that fixed income flows will suffer as the Federal Reserve begins to taper. Shares of Citigroup were lower again today, falling 1.9% so far.
And Wells Fargo downgraded shares of JM Smucker (NYSE:SJM) from market perform to underperform as slowing coffee sales will impact the company's expected growth rate in 2014. Shares of SJM were lower by 2% following the report.
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.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 9.5%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 9.5%.