This morning, Bank of America downgraded shares of The Container Store (NYSE:TCS) from buy to neutral following dismal guidance from the company last night. In the report, Bank of America noted that the stock lacks near term catalysts and set a $46 price target. Shares of TCS were sharply lower on Wednesday, falling nearly 15% today.
RBC Capital downgraded shares of Transocean (NYSE:RIG) from outperform to sector perform citing valuation. In the report, RBC noted that the stock is approaching the firm's $54 price target, leaving less upside for investors. Shares of Transocean were lower following the report, falling 1.4% so far.
Morgan Stanley downgraded shares of Zoetis (NYSE:ZTS) from overweight to equal weight as the stock currently lasts a catalyst to propel it higher in the near term. On the news, shares of Zoetis were lower by 0.4%.
And Deutsche Bank downgraded shares of Dean Foods (NYSE:DF) from buy to hold as industry volumes remain depressed in both the US and Europe. With the downgrade, Deutsche Bank set a $23 price target. Shares of Dean Foods were lower by 3.5% following the report.
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