EdgeWater 11/18/2010 12:50:10 AM
News / Business

Downgraded Stocks To Watch (PTEN, MAT, AMD, GLW)

Downgraded Stocks To Watch

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) dropped 2% to $19.65. Morgan Stanley downgraded Patterson-UTI Energy to Underweight from its previous rating of Overweight.

The stock has average daily volume of 4.89 million shares. At current market price, the market capitalization of the company stands at $3.03 billion.

Mattel, Inc. (NASDAQ:MAT) fell 0.16% to $24.29. Caris & Co. downgraded Mattel Inc. to an Above Average rating from its original rating of Buy. The firm continues to list the company with a price target of $31.

The stock opened at $24.18 and traded within the range of $24.16-$24.38. At current market price, the market capitalization of the company stands at $8.72 billion.

Advanced Micro Devices, Inc. (NYSE:AMD) went down 1.35% to $7.33. As an analyst at JMP Securities downgraded the stock from Market Outperform to Market Perform earlier. The firm also suspended its prior $13 price target.  

The stock has average daily volume of 27.67 million shares.

Corning Incorporated (NYSE:GLW) is trading 0.86% lower to $17.30. Oppenheimer downgraded Corning from Outperform to Perform.  

The average daily volume of the stock is 11.08 million shares. At current market price, the market capitalization of the company stands at $27.04 billion.

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