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Analyst Moves: EBAY, CNW, ETR, ALXN
Monday, January 6, 2:28 PM ET

This morning, Morgan Stanley downgraded shares of eBay (EBAY) from overweight to equal weight the stock lacks a near-term catalyst to propel it higher. With the downgrade, Morgan Stanley set a $57 price target. Shares of eBay were lower on Monday, falling 2.9% so far.

Bank of America downgraded shares of Con-way (CNW) from buy to underperform as management's turnaround efforts are progressing slowly. In the report, Bank of America set a $36 price target. Shares of Con-way were lower by 3.4% today.

Wells Fargo downgraded shares of Entergy (ETR) from outperform to market perform noting that issues surrounding Indian Point could weigh on growth. Shares of Entergy were modestly lower on the news, falling 0.5% so far.

And Goldman Sachs downgraded shares of Alexion Pharmaceuticals (ALXN) from buy to neutral citing valuation. The stock is approaching the firm's $140 price target, reducing the risk/reward profile for investors. Shares of Alexion Pharmaceuticals were lower on the news, falling 2.1% today.

For MarketNewsVideo.com, I'm Kristin Bianco.

Analyst Moves: EBAY, CNW, ETR, ALXN
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MNV
MNV
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Analyst Moves: EBAY, CNW, ETR, ALXN | Market News Video | Copyright © 2008 - 2024, All Rights Reserved

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