This morning, Citigroup downgraded shares of HollyFrontier (NYSE:HFC) from neutral to sell citing valuation. The stock is trading above the firm's $40 price target, creating a less favorable risk/reward profile for investors. On the news, shares of HollyFrontier were off 0.3% on Monday.
Morgan Stanley downgraded shares of Twitter (NYSE:TWTR) from equal weight to underweight, also citing valuation. The stock has soared above the firm's $33 price target and noted that not much has changed at the company since the IPO in November. Shares of Twitter were lower by 6.4% so far.
And UBS downgraded shares of MetLife (NYSE:MET) from buy to neutral as regulatory uncertainty should give investors cause for concern. Shares of MetLife were flat on the news, trading just below $54 per share.
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