Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Stock Downgrades: DuPont Losing Its Teflon Touch

By

Wall Street ratings agencies set the tone for today's stock market.

PrintPRINT
MINYANVILLE ORIGINAL Apple (AAPL) sank 4.5% and is now down for six successive weeks. The Cupertino company clearly suffered a Halloween horror show last week, although help may be at hand from one of the Munsters. Microsoft (MSFT) and Nokia (NOK) each launched sexy new smartphones, but neither proved as popular as antique payphones.

It was a long day at Knight Capital (KCG) where the knives were again out, and Groupon (GRPN) continued to speak with forked tongues, falling 14.3% after announcing an extraordinarily ill-timed Dinner in the Dark.

Today in economics, October's Institute for Supply Management services index is out at 10:00 a.m. Eastern. On the corporate front, quarterly earnings are expected out of Consolidated Edison (ED), Humana (HUM), IntercontinentalExchange (ICE), Sysco (SYY), Time Warner Cable (TWC), Toyota Motor (TM), Transocean (RIG), and Zillow (Z).

Alcatel-Lucent (ALU): ALU is downgraded to Underperform from Market Perform by Sanford Bernstein.

Dolby Laboratories (DLB): DLB is downgraded to Underperform from Market Perform at JMP Securities due to high Street expectations. The target is $26.

DuPont (NYSE:DD): The Dow (^DJI) member is now Neutral from Overweight at Piper Jaffray, whose target is taken to $51 from $53.

Exelon (EXC): EXC is downgraded to Hold from Buy at Argus amid concerns over its dividend.

Juniper Networks (JNPR): Shares are downgraded to Sector Perform from Outperform at Pacific Crest.

NTT DoCoMo (DCM): Shares are now Neutral from Overweight at JPMorgan.

Penn West Petroleum (PWE): The stock is downgraded to Hold from Buy at Canaccord due to the Q3 production miss.

Zumiez (ZUMZ): Shares are now Neutral from Buy at JPMorgan.

(See also: Stock Upgrades: The Force Is With Walt Disney and New Stock Coverage: UnitedHealth Passes Checkup With Flying Colors.)
< Previous
  • 1
Next >
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE