The Biggest Downgrades of the Day: Wal-Mart and Patriot Coal
Wal-Mart (NYSE:WMT) fell 2.75% or $1.37 to $48.47 after suffering a Goldman downgrade to neutral and Patriot Coal (PCX) dropped 9.53% or 0.94 cents to $8.92/share due to a contract dispute.
Goldman downgraded Wal-Mart (NYSE:WMT) to Neutral from Conviction Buy and lowered its target to $56 from $58 due to lack of near-term catalysts, ongoing expense pressures, and difficult comps.
Other Notable Downgrades:
Bank of Ireland (IRE) - Was hit with a Deutsche Bank downgrade sending shares plummeting 13.77% or $1.74 to $10.90/share.
Columbia Banking (COLB) - JMP Securities downgraded the bank to market perform; shares dropped 17.78% or $2.24 to $10.36/share.
Patriot Coal (PCX) - Dropped 9.53% or 0.94 cents to $8.92/share due to a contract dispute.
- Login to post comments
Email this page
Thanks for visiting WallStNation.com, to assist your investing research try using our Search (click to access) or review the list of Tickers (click to access) that link directly to articles related to the given stock/security.
Daily Market Summary
| |
|
|
|
Please Review the WallStNation.com Disclaimer and remember that information provided by our site is at the investor's sole financial risk. Please Review for more Details
