Analysts downgrade Blackberry (NASDAQ:BBRY)
Stock market finance has been very slow on Tuesday with the shares bland in trading and little news about anything being a hot favourite. Shareholders are still trying to negotiate or find such investment stories which were neglected until now so they can make a bargain. Here we have analysed some of the stocks which according to Tuesday’s market have changed their stock market status. Some stocks are worth buying while the others should be avoided by shareholders.
- Analog Devices Inc. (NASDAQ:ADI)
The stocks had been quite heavy but Tuesday’s market didn’t prove lucky for the company. It brought the shares to a decline at a neutral.
- Bed Bath & Beyond Inc. (NASDAQ:BBBY)
At William Blair, the stocks of Bed Bath & Beyond (NASDAQ:BBBY) also declined from a market outperform status to just market perform.
- BlackBerry (NASDAQ:BBRY)
From Buy, Blackberry’s (NASDAQ:BBRY) stocks declined and came to Market Perform. This happened at an association Cormark Securities.
- Cameco Corp (NYSE:CCJ)
At the Bank of America Merrill Lynch, the stocks of Cameco Corp (NYSE:CCJ) also declined from Buy and went to Neutral.
- Chevron Corp. (NYSE:CVX)
Stocks of Chevron Corp. were initiated at Neutral.
- Clorox Co. (NYSE:CLX)
The stocks of Clorox (NYSE:CLX) were upgraded on Monday when the rumors of its partnership had spread. These rumors were enough to achieve the expected price openings. However, when the rumours didn’t prove true, the company faced declines. At B. Riley, the company’s stocks went from Neutral to Sell whereas at Citigroup, the stocks fell to Neutral to Buy. The rating at Credit Suisse stayed at Underperform however the expected target was increased from $78 to $84.
- Del Frisco’s Restaurant Group Inc. (NASDAQ:DFRG)
The ratings of Del Frisco (NASDAQ:DFRG) declined from Buy at Neutral at Sterne Agee.
- Dick’s Sporting Goods Inc. (NYSE:DKS)
Stocks at Dick’s Sporting Goods (NYSE:DKS) also declined. At William Blair, the stocks declined from Outperform to Market Perform.
- GordmansStores Inc. (NASDAQ:GMAN)
At Canaccord Genuity, the company’s expected price goal was cut down from $9 to $4. It brought Gordmans Stores (NASDAQ:GMAN) to decline from a Buy rating to Hold.
- Marathon Petrolum Corp. (NYSE:MPC)
At JP Morgan (NYSE:JPM), the company’s stocks were quite good and initiated at Overweight.
- Nanometrics Inc. (NASDAQ:NANO)
The stocks of Nanometrics (NASDAQ:NANO) also declined and at Canaccord Genuity, the stocks went from Buy at Hold.
- ON Semiconductor Corp. (NASDAQ:QNNN)
At JP Morgan (NYSE:JPM), the company’s stocks declined from Overweight to Neutral.
- Phillips 66 (NYSE:PSX)
The stocks of Phillips (NYSE:PSX), at JP Morgan were initiated as Overweight.
- SanDisk Corp. (NASDAQ:SNDK)
The stocks at SanDisk (NASDAQ:SNDK) were renewed with a Buy rating and the price goal was $112 even though there had been a withdrawal of $10.
- Webster Financial Corp. (NYSE:WBS)
At Wells Fargo, the company’s stocks were initiated as Outperform.
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As for Monday’s rise and decline by analysts, it had Bank of America (NYSE:BAC), Genworth Financial (NYSE:GNW), Yahoo (NASDAQ:YHOO), Auxilium Pharmaceuticals Inc. (NASDAQ:AUXL), Walgreen (NYSE:WAG), MGM (NYSE:MGM), Nokia (NYSE:NOK), Wynn Resorts (NASDAQ:WYNN) and many others.