This morning, JP Morgan downgraded shares of Newmont Mining (NYSE:NEM) to a neutral rating as export restrictions in Indonesia could impact earnings for the company. Shares of Newmont Mining were relatively flat today, trading just below $21 per share.
Wedbush Morgan downgraded shares of Take-Two Interactive (NASDAQ:TTWO) from outperform to neutral citing a weak product pipeline. In the report, Wedbush set a $19 price target. Shares of Take Two were sharply lower today, falling 9.1%.
And Sterne Agee lowered its price target on shares of Principal Financial Group (NYSE:PFG) to $53 as currency headwinds could impact earnings in the near term. With the lower price target, Sterne Agee lowered its EPS estimates as well, but maintained its neutral rating. Shares of PFG were higher with the markets today, gaining 0.5%.
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