Stock Downgrades: Bitter Pill for Vitamin Shoppe


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And on the eighth day, stocks rested. The S&P 500 Index (INDEXSP:.INX) slipped for the first time in September, snapping a seven-session winning streak on a day only H.L. Mencken could love. The bard of Baltimore, whose birthday was September 12, was no fan of finance, caustically calling Wall Street "a thoroughfare that begins in a graveyard and ends in a river." The church associated with said graveyard is actually the Street's most reliable money-making machine, thanks to a $2 billion gift from Queen Anne of England . It's the rivers that are currently causing problems. Or, more accurately, other bodies of water. Fresh from Coldwater Creek's ( CWTR ) 29.93% tumble on Wednesday, streaming issues saw Netflix ( NFLX ) sink 2.24% 24 hours on. At least Disney ( DIS ) doesn't need the Caribbean Ocean , with the company gaining 2.42% to best all blue chips. Moving from Jack Sparrow to Jack Dorsey, Twitter's bluebird is about to become very rich . Not to be outdone, Red Robin ( RRGB ) rose 0.87% to an all-time high.

Today in economics, the preliminary Thomson Reuters/University of Michigan September consumer sentiment survey is out at 9:55 a.m. Eastern, and July business inventories follow at 10:00 a.m. On the corporate front, Pier 1 Imports ( PIR ) is the pick of quarterly earnings announcements.

Alcatel-Lucent (ALU): The telecom stock is taken to Perform from Outperform by BMO Capital Markets.

Brady Corp (BRC): Shares are now Neutral from Outperform with a $33 target price at Robert W. Baird, which cites operational challenges.

Diana Shipping (DSX): The stock gets downgraded to Hold from Buy at Deutsche Bank.

Harmony Gold Mining (HMY): Goldman Sachs cuts the commodity company to Sell from Neutral.

Oil Services : Sanford Bernstein inflicts Market Perform-from-Outperform ratings reductions on Ensco (ESV), Noble Corp (NE), and Transocean (RIG).

Teva Pharmaceutical (TEVA): Shares are moved to Neutral from Overweight at JPMorgan, which also trims its price objective by $2 to $43.

Under Armour (UA): The athletic apparel name is now Neutral from Outperform at Credit Suisse.

Vitamin Shoppe (VSI): Sterne Agee slashes the stock to Neutral from Buy.

(See also: Stock Upgrades: Verizon Is Moving On Uptown and New Stock Coverage: Urban Outfitters Boosted by Socks and the City .)

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
More Headlines for: CWTR , DIS , NFLX , PIR , RRGB

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