EdgeWater 12/1/2010 11:27:12 PM
News / Business

Notable Stock Downgrades (AEO, RIG, EBAY)

Notable Stock Downgrades

American Eagle Outfitters (NYSE:AEO) dropped 1.37% to $16.50. Standpoint Research downgraded American Eagle Outfitters from Buy to Hold.

The 52-week range of the stock is $11.35-$19.64.

Transocean LTD (NYSE:RIG) lost 2.39% to $67.03. An analyst at Simmons & Co. also downgraded shares of Transocean from Overweight to Neutral.

The stock opened at $68.18 and was trading within the range of $67-$69.05. At today`s closing market price, the market capitalization of the company stands at $21.38 billion.

Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. As of February 2, 2010, the Company owned, had partial ownership interests in, or operated 138 mobile offshore drilling units.

eBay Inc. (NASDAQ:EBAY) ended 3.61% lower at $29.14. An analyst at Piper Jaffray downgraded the stock. The firm now rates the stock a Neutral, down from Overweight previously. Piper Jaffray maintained a $30 price target on the stock.

The stock opened at $29.57 and was trading within the range of $28.79-$29.66. At today`s closing market price, the market capitalization of the company stands at $37.99 billion.

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