Spectra Energy (SE) is notably lower after being downgraded by analysts at Jefferies from Hold to Underperform. The broker also lowered its target on the stock from $23.50 to $18. Shares are currently down by 7.2 percent, sinking to their lowest intraday level in over five months.
Rockwell Automation Inc. (ROK) is also under pressure following a downgrade to neutral from overweight by JP Morgan Chase. The broker cited economic volatility as a reason for downgrade. The stock has dropped by 7.1 percent, setting a three and a half month intraday low.
Spectra Energy (SE) is notably lower after being downgraded by analysts at Jefferies from Hold to Underperform. The broker also lowered its target on the stock from $23.50 to $18. Shares are currently down by 7.2 percent, sinking to their lowest intraday level in over five months.
No comments:
Post a Comment