News / Business
Blue Chip Downgraded Stocks are DRWI, EGO, CSA, RDY, RAX
Downgraded Stocks
DragonWave (Nasdaq: DRWI) was downgraded by CIBC from Sector Outperform to Sector Perform and. Shares of DRWI are up 0.92% to $6.07.
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Eldorado Gold (NYSE: EGO) was also downgraded by Credit Suisse from Outperform to Neutral and raised the price target from $2 to $18. Shares of EGO are down 0.12% to $16.01.
Cogdell Spencer (NYSE: CSA) jumped 8.87% to $7.63 after Citi downgraded their rating on the company’s share from Buy to Hold.
Dr. Reddy's (NYSE: RDY) was downgrade from Buy to Hold by Citi. Shares of RDY up down 6.68% to $26.99.
Rackspace (NYSE: RAX) rose 4.75% to $17.24 after ThinkEquity downgraded their rating on the company’s shares from Buy to Hold.
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