Intel Corp. (NASDAQ: INTC )
shares dropped 16 cents out of the gate during the trading session
on Monday following a downgrade from Lazard to "hold" from "buy."
On Friday, Aug. 27, INTC issued downside guidance for its third
quarter. Additionally, the company announced plans to acquire
Infineon's wireless solutions business for approximately $1.4
billion ahead of the bell.
Other ratings changes on INTC include Charter Equity's downgrade
of the company to "market perform" from "buy" on its third-quarter
revenue revision. INTC shares were trading around $18.21 at the
beginning of the session, up slightly from its 52-week low of
AutoZone Inc. (NYSE: AZO )
shares opened around $215 on Monday following news that Morgan
Joseph downgraded the company to "hold" from "buy" on valuation. AZ
shares are trading up near their 52-week high of $215.21.
The company did not announce any news on Monday, and is
scheduled to announce earnings figures on Sept. 21 before the
market opens. Analysts estimate earnings of $5.41 per share.