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.