1. Ryanair Downgraded by Imperial Capital
Imperial Capital downgraded Ryanair (RYAAY ) from Outperform to In-Line with a price target of $70.00, down from $85.00. It’s believed that the weakening euro and strengthening U.S. dollar will dig into U.S. dollar earnings. Ryanair closed yesterday at $65.19.
*Notable Non-Dividend Stocks Downgraded
While the following aren’t dividend-paying stocks, it’s interesting to note that AOL, T-Mobile, Yahoo! and AutoZone were all downgraded Wednesday before the bell.
Now let’s skip over to the Upgrades.
2. Oppenheimer Upgrades Tesoro Corporation
Oppenheimer upgraded Tesoro Corporation (TSO) from Perform to Outperform. Shares of Tesoro Corporation closed at $88.77 yesterday.
3. Macquarie Upgrades DuPont
Macquarie upgraded DuPont Fabros Technology (DFT) from Neutral to Outperform with a price target of $40.00, up from from $37.00. Analysts are calling it a value buy ahead of expansion growth.