This morning, BMO Capital lowered its EPS estimates on shares of Seagate Technology (NASDAQ:STX) through 2015 following a guidance reduction from the company. In the report, BMO maintained its market perform rating, but set a new $58 price target. Shares of STX were sharply lower today, falling nearly 12% so far.
Morgan Stanley downgraded shares of BB&T (NYSE:BBT) from overweight to equal weight citing valuation. The stock is nearing the firm's $43 price target, reducing the risk/reward profile for the stock. Shares of BB&T were modestly higher on Tuesday, gaining 0.2% today.
And Sterne Agee lowered its price target on shares of Whole Foods (WFM) to $61 as sales growth at the grocery store chain is slowing. In the report, Sterne Agee reduced its EPS estimates as well, but maintained its buy rating. Shares of Whole Foods were higher, despite the report, climbing 2.1% on Tuesday.
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