Bank of America analyst Heather Balsky downgraded G-III Apparel Group's
stock rating from Buy to Neutral with a price target lowered from $35 to $21.
The broker has reiterated an "Underweight"
stock rating while moving its price target down from 195p to 180p.
He believes a Reduce
stock rating is warranted with the high-end consumer "running out of steam at exactly the wrong time." Shares of RH are down 3%, or $3.48, to $99.27 in early trading.
The preferred
stock rating includes two notches for loss severity, reflecting the preferred units' subordination and heightened risk of non-performance relative to other obligations, namely existing secured and unsecured debt.
obtained positive outlook and
stock rating upgrade from investment house Morgan Stanley amid its move to increase capital expenditures for network improvements.
short-term ratings and the C(hyb) preference
stock rating were not
The
stock rating maintains "Buy" and the target price has raised to US$32.00.
Hindustan Unilever had its biggest two-day decline in more than a year after Citigroup cut its
stock rating to "sell" citing stronger competition.
Moody's ratings include also the Baa1/P-2 senior unsecured debt ratings of Repsol International Finance and the Baa3 preferred
stock rating of Repsol International Capital Limited.
Philadelphia, PA, September 22, 2011 --(PR.com)-- Chaikin Stock Research, creator of a suite of stock tools that empower individuals to make better investment decisions including its popular iPhone app, announces Chaikin
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