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 (NYSE: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 (NASDAQ: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.
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