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Stock Market & Financial Investment News

News Breaks
September 7, 2012
06:17 EDTSTISunTrust upgraded to Outperform from Market Perform at BMO Capital
BMO Capital upgraded SunTrust citing last night's balance sheet actions that include the liquidation of its Coca-Cola position, the sale of $200M affordable housing investments, and increasing the mortgage repurchase reserve, all of which will add to earnings and increase its TIC ratio. Price target raised to $35 from $26.
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June 14, 2013
10:10 EDTSTIOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Express (AXP) downgraded to Equal Weight from Overweight at Barclays... AngloGold (AU) downgraded to Sell from Neutral at UBS... DuPont (DD) downgraded to Neutral from Buy at BofA/Merrill... Myriad Genetics (MYGN) downgraded to Neutral from Buy at BofA/Merrill... Progress Software (PRGS) downgraded to Hold from Buy at Needham... Rubicon (RBCN) downgraded to Sell from Neutral at Goldman... Southern Company (SO) downgraded to Hold from Buy at Jefferies... SunTrust (STI) downgraded to Neutral from Buy at UBS... Wells Fargo (WFC) downgraded to Neutral from Buy at Sterne Agee... FIS (FIS) downgraded to Neutral from Outperform at RW Baird... SM Energy (SM) downgraded to Hold from Buy at Societe Generale..Wells Fargo (WFC) downgraded at Sterne Agee.
06:41 EDTSTISunTrust downgraded to Neutral from Buy at UBS
UBS downgraded SunTrust due to valuation. Price target is $34.

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