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Stock Downgrades: Disney Cools Off After Red-Hot 'Frozen'
There isn't any top-tier economic data to move US markets today, although a deluge awaits later in the week. Regarding specific stocks, Bank of Montreal (BMO), Bob Evans Farms (BOBE), and United Natural Foods (UNFI) are all due to release results.
Albany Molecular (AMRI): Shares are now Neutral from Buy at Sterne Agee. Its amended price objective is $12.
Canon (CAJ): JPMorgan cuts the Japanese electronics giant to Underweight from Overweight.
CubeSmart (CUBE): The stock gets taken to Neutral from Buy at SunTrust.
HSBC Holdings (HSBC): The financial stock, whose symbol recently changed from HBC, is now Neutral from Buy at Nomura, sending it lower in today's London trading.
IMAX Corporation (IMAX): Goldman Sachs inflicts a Neutral-from-Buy downgrade on IMAX Corporation. Stock in cinema powerhouse IMAX Corporation has advanced 38.38% in the past 12 months.
Myriad Genetics (MYGN): Myriad gets moved to Perform from Outperform at JMP Securities.
Pfizer (PFE): Pfizer is pulled from Goldman Sachs' list of Conviction Buys. Drugmaker Pfizer is a key Dow component.
Sonova Holding (OTCMKTS:SONVY): Shares in the Swiss hearing-aid maker are moving lower in Europe this morning, after being slashed to Equal Weight from Overweight at Morgan Stanley. Heightened competition is a concern.
ThyssenKrupp (OTCMKTS:TYEKF): More bad news for the German steel giant, which slid 9.96% yesterday. It is now Neutral from Overweight at HSBC Securities.
Walt Disney (DIS): Walt Disney's Frozen just debuted to boffo box office business but its stock may cool off today. This after getting downgraded to Neutral from Buy at B. Riley & Co. Walt Disney is a longstanding member of the Dow.
Xcel Energy (XEL): Shares are now Neutral from Buy at Goldman Sachs.
(See also: New Stock Coverage: On 3 December, Buy 3D Systems and Stock Upgrades: Apple Is No Longer a Lemon )