Thank you very much;
you're only a step away from
downloading your reports.
Stock Downgrades: Harley-Davidson in Hog Hell
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

Harley-Davidson (NYSE:HOG) may soon learn that the road to Hells Angels is paved with good intentions. Shares, which lost 0.99% yesterday, are currently off another 1.50% this morning. Concerns include limited upside potential, difficult sales comparisons, and a systemic demographic challenge as its erstwhile Easy Rider customer base of baby boomers becomes increasingly arthritic.
 
Stocks suffered a serious sheikh-out as Dubai's main market, now firmly in bear territory, slid 6.68% and the Dow (INDEXDJX:.DJI) dropped by triple-digits amid an ongoing crisis in the deserts of Iraq. The S&P 500 (INDEXSP:.INX) similarly slumped, this despite May new-home sales surging 18.6% for their biggest one-month gain since 1992. That was when President Bush 41 lost a debate, and with it the election, by glancing at his watch during a debate, but how a slumbering Marissa Mayer must wish she had a timepiece as she prepares for an 8:00 a.m. shareholder meeting this morning. At least Yahoo's (NASDAQ:YHOOBig Cheesehead could take some satisfaction in an analyst-inspired1.70% jump in Milwaukee's own Wisconsin Energy (NYSE:WEC). As the World Cup continued in the land of Carnival, Carnival (NYSE:CCL) wasn't celebrating after tumbling 2.99%. And the Garden State's Bed Bath & Beyond (NASDAQ:BBBY) didn't even get New Jersey's 350th birthday party started as it fell on an iffy analyst initiation.
 
Today's quarterly earnings announcements include Apollo Education (NASDAQ:APOL), Barnes & Noble (NYSE:BKS), General Mills (NYSE:GIS), and Monsanto (NYSE:MON).
 
Now let's look at this morning's rating reductions, an eclectic bunch that features both a troubled handbag titan and a surging biotech stock, plus headline equity Harley-Davidson.

Atlantic Power (NYSE:AT): Shares are slashed to Underperform from Sector Perform at National Bank Financial.
 
Coach (NYSE:COH): No relief in sight for the luxury retailer, which tumbled 12% last week. Today Bank of America Merrill Lynch lowers it to Underperform from Neutral amid uncertain turnaround prospects. Shares are, accordingly, slumping a further 1.00% before this morning's opening bell. Its reduced target price is $31.
 
EV Energy (NASDAQ:EVEP): Wunderlich lowers the limited partnership to Hold from Buy with an amended price objective of $41 primarily due to constrained divestiture clarity.
 
Harley-Davidson: Today's headline stock gets cut to Hold from Buy at KeyBanc Capital Markets.
 
Valmont (NYSE:VMI): Shares, falling 4.77% before the bell amid reduced fiscal year 2014 earnings guidance, are now Neutral from Outperform at Wedbush
 
Vertex Pharmaceuticals (VRTX): Back down to earth for this stock, whose 40.41% surge in Tuesday's otherwise terrible tape made it easily Nasdaq's (INDEXNASDAQ:.IXIC) top performer. This morning it is moved to Neutral from Buy by H.C. Wainwright, which also trims its target by $20 to $85.
 
Also see:

New Stock Coverage: Luis Suarez Should Sink His Teeth Into Whole Foods

Stock Upgrades: Walgreen Back at the Corner of Healthy and Happy

< 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.
Stock Downgrades: Harley-Davidson in Hog Hell
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

Harley-Davidson (NYSE:HOG) may soon learn that the road to Hells Angels is paved with good intentions. Shares, which lost 0.99% yesterday, are currently off another 1.50% this morning. Concerns include limited upside potential, difficult sales comparisons, and a systemic demographic challenge as its erstwhile Easy Rider customer base of baby boomers becomes increasingly arthritic.
 
Stocks suffered a serious sheikh-out as Dubai's main market, now firmly in bear territory, slid 6.68% and the Dow (INDEXDJX:.DJI) dropped by triple-digits amid an ongoing crisis in the deserts of Iraq. The S&P 500 (INDEXSP:.INX) similarly slumped, this despite May new-home sales surging 18.6% for their biggest one-month gain since 1992. That was when President Bush 41 lost a debate, and with it the election, by glancing at his watch during a debate, but how a slumbering Marissa Mayer must wish she had a timepiece as she prepares for an 8:00 a.m. shareholder meeting this morning. At least Yahoo's (NASDAQ:YHOOBig Cheesehead could take some satisfaction in an analyst-inspired1.70% jump in Milwaukee's own Wisconsin Energy (NYSE:WEC). As the World Cup continued in the land of Carnival, Carnival (NYSE:CCL) wasn't celebrating after tumbling 2.99%. And the Garden State's Bed Bath & Beyond (NASDAQ:BBBY) didn't even get New Jersey's 350th birthday party started as it fell on an iffy analyst initiation.
 
Today's quarterly earnings announcements include Apollo Education (NASDAQ:APOL), Barnes & Noble (NYSE:BKS), General Mills (NYSE:GIS), and Monsanto (NYSE:MON).
 
Now let's look at this morning's rating reductions, an eclectic bunch that features both a troubled handbag titan and a surging biotech stock, plus headline equity Harley-Davidson.

Atlantic Power (NYSE:AT): Shares are slashed to Underperform from Sector Perform at National Bank Financial.
 
Coach (NYSE:COH): No relief in sight for the luxury retailer, which tumbled 12% last week. Today Bank of America Merrill Lynch lowers it to Underperform from Neutral amid uncertain turnaround prospects. Shares are, accordingly, slumping a further 1.00% before this morning's opening bell. Its reduced target price is $31.
 
EV Energy (NASDAQ:EVEP): Wunderlich lowers the limited partnership to Hold from Buy with an amended price objective of $41 primarily due to constrained divestiture clarity.
 
Harley-Davidson: Today's headline stock gets cut to Hold from Buy at KeyBanc Capital Markets.
 
Valmont (NYSE:VMI): Shares, falling 4.77% before the bell amid reduced fiscal year 2014 earnings guidance, are now Neutral from Outperform at Wedbush
 
Vertex Pharmaceuticals (VRTX): Back down to earth for this stock, whose 40.41% surge in Tuesday's otherwise terrible tape made it easily Nasdaq's (INDEXNASDAQ:.IXIC) top performer. This morning it is moved to Neutral from Buy by H.C. Wainwright, which also trims its target by $20 to $85.
 
Also see:

New Stock Coverage: Luis Suarez Should Sink His Teeth Into Whole Foods

Stock Upgrades: Walgreen Back at the Corner of Healthy and Happy

< 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.
Stock Downgrades: Harley-Davidson in Hog Hell
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

Harley-Davidson (NYSE:HOG) may soon learn that the road to Hells Angels is paved with good intentions. Shares, which lost 0.99% yesterday, are currently off another 1.50% this morning. Concerns include limited upside potential, difficult sales comparisons, and a systemic demographic challenge as its erstwhile Easy Rider customer base of baby boomers becomes increasingly arthritic.
 
Stocks suffered a serious sheikh-out as Dubai's main market, now firmly in bear territory, slid 6.68% and the Dow (INDEXDJX:.DJI) dropped by triple-digits amid an ongoing crisis in the deserts of Iraq. The S&P 500 (INDEXSP:.INX) similarly slumped, this despite May new-home sales surging 18.6% for their biggest one-month gain since 1992. That was when President Bush 41 lost a debate, and with it the election, by glancing at his watch during a debate, but how a slumbering Marissa Mayer must wish she had a timepiece as she prepares for an 8:00 a.m. shareholder meeting this morning. At least Yahoo's (NASDAQ:YHOOBig Cheesehead could take some satisfaction in an analyst-inspired1.70% jump in Milwaukee's own Wisconsin Energy (NYSE:WEC). As the World Cup continued in the land of Carnival, Carnival (NYSE:CCL) wasn't celebrating after tumbling 2.99%. And the Garden State's Bed Bath & Beyond (NASDAQ:BBBY) didn't even get New Jersey's 350th birthday party started as it fell on an iffy analyst initiation.
 
Today's quarterly earnings announcements include Apollo Education (NASDAQ:APOL), Barnes & Noble (NYSE:BKS), General Mills (NYSE:GIS), and Monsanto (NYSE:MON).
 
Now let's look at this morning's rating reductions, an eclectic bunch that features both a troubled handbag titan and a surging biotech stock, plus headline equity Harley-Davidson.

Atlantic Power (NYSE:AT): Shares are slashed to Underperform from Sector Perform at National Bank Financial.
 
Coach (NYSE:COH): No relief in sight for the luxury retailer, which tumbled 12% last week. Today Bank of America Merrill Lynch lowers it to Underperform from Neutral amid uncertain turnaround prospects. Shares are, accordingly, slumping a further 1.00% before this morning's opening bell. Its reduced target price is $31.
 
EV Energy (NASDAQ:EVEP): Wunderlich lowers the limited partnership to Hold from Buy with an amended price objective of $41 primarily due to constrained divestiture clarity.
 
Harley-Davidson: Today's headline stock gets cut to Hold from Buy at KeyBanc Capital Markets.
 
Valmont (NYSE:VMI): Shares, falling 4.77% before the bell amid reduced fiscal year 2014 earnings guidance, are now Neutral from Outperform at Wedbush
 
Vertex Pharmaceuticals (VRTX): Back down to earth for this stock, whose 40.41% surge in Tuesday's otherwise terrible tape made it easily Nasdaq's (INDEXNASDAQ:.IXIC) top performer. This morning it is moved to Neutral from Buy by H.C. Wainwright, which also trims its target by $20 to $85.
 
Also see:

New Stock Coverage: Luis Suarez Should Sink His Teeth Into Whole Foods

Stock Upgrades: Walgreen Back at the Corner of Healthy and Happy

< 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.
EDITOR'S PICKS
 
WHAT'S POPULAR