This morning, Jefferies reduced its price target on shares of Bloomin' Brands (NASDAQ:BLMN) to $27 after the company lowered its own guidance. In the report, Jefferies noted that the casual dining sector is facing difficulties, but maintained its buy rating on the stock. Shares of Bloomin' Brands were lower by 2% on the news.
Morgan Stanley downgraded shares of Symantec (NASDAQ:SYMC) to an underweight rating as there are ongoing concerns about sales for 2014. In the report, Morgan Stanley set a $21 price target. Shares of Symantec were lower by 3.1% on Monday.
And Oppenheimer downgraded shares of Blackberry (NASDAQ:BBRY) from perform to underperform as the stock could slide further from here. Shares of Blackberry were off another 4.2% today.
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