Friday’s Analyst Downgraded Stocks (AMZN, CB, NE, COP)
Amazon.com, Inc. (NASDAQ:AMZN) shares went down by 2.67% to $152.86 this morning, after a downgrade by McAdams Wright Ragen from Buy to Hold but raised his price target on the stock from $140 to $160. Amazon.com, Inc. (Amazon.com) offers services to consumers, sellers, and developers through its retail Websites. It also manufactures and sells the Kindle e-reader.
The Chubb Corporation (NYSE:CB) plunged 1.61% at $56.07 on 1.71 million shares after BofA/Merrill Lynch downgrades the stock from Buy to Neutral. The stock has dropped 1.92% in the last one week trade. The Chubb Corporation (Chubb) is a holding company for a family of property and casualty insurance companies known as the Chubb Group of Insurance Companies (the P&C Group).
Noble Corporation (NYSE:NE) downgrade from analyst at Dahlman Rose from Buy to Hold. Noble Corporation (Noble) is an offshore drilling contractor for the oil and gas industry. The Company performs contract drilling services with its fleet of 62 mobile offshore drilling units. NE is now trading at $33.58, 0.62% down in the morning session. NE closed at $33.71 in the previous trading session.
ConocoPhillips (NYSE:COP) increased 0.64% to $57.80 in the morning session. Analysts at Morgan Stanley downgraded the stock to Underweight, down from Equal Weight previously. The company also announced will release its third-quarter earnings on Wednesday, October 27 at 8:30 a.m. Eastern time. The news release will be issued through Business Wire. In addition, a conference call with members of company management will be held at 11 a.m. Eastern time that day.