This morning, Oppenheimer downgraded shares of General Electric (NYSE:GE) from outperform to perform as earnings growth will transform in 2014 and 2015. In the report, Oppenheimer notes how GE is focusing more on industrial growth which can be slower, but steadier. Shares of GE were higher, despite the report, gaining 0.3% today.
Goldman Sachs downgraded shares of Joy Global (NYSE:JOY) from neutral to sell as the outlook for mining equipment looks weak. In the report, Goldman set a price target of $52 per share. Joy Global shares were lower by 2% on the news.
And Stifel Nicolaus downgraded shares of Sprint (NYSE:S) from hold to sell citing valuation. In the report, Stifel also noted that it remains skeptical of a potential takeover bid for T-Mobile (NYSE:TMUS). Shares of Sprint were lower by 3.1% on Friday morning.
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