This morning, Morgan Stanley downgraded shares of eBay (NASDAQ:EBAY) from overweight to equal weight the stock lacks a near-term catalyst to propel it higher. With the downgrade, Morgan Stanley set a $57 price target. Shares of eBay were lower on Monday, falling 2.9% so far.
Bank of America downgraded shares of Con-way (CNW) from buy to underperform as management's turnaround efforts are progressing slowly. In the report, Bank of America set a $36 price target. Shares of Con-way were lower by 3.4% today.
Wells Fargo downgraded shares of Entergy (NYSE:ETR) from outperform to market perform noting that issues surrounding Indian Point could weigh on growth. Shares of Entergy were modestly lower on the news, falling 0.5% so far.
And Goldman Sachs downgraded shares of Alexion Pharmaceuticals (ALXN) from buy to neutral citing valuation. The stock is approaching the firm's $140 price target, reducing the risk/reward profile for investors. Shares of Alexion Pharmaceuticals were lower on the news, falling 2.1% today.
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%.