Oracle Corp. (NASDAQ: ORCL): RBC Capital downgraded its rating on the company to Sector Perform from Outperform. The firm slashed its price target on the stock to $30 from $36.
Bed Bath & Beyond, Inc. (NASDAQ: BBBY): Oppenheimer upgraded ita rating on the stock to Outperform from Perform with a $63 price target citing the recent pullback in shares and the company's attractive growth prospects.
Adobe Systems Inc. (NASDAQ: ADBE): RBC Capital downgraded Adobe to Unerperform from Sector Perform. The firm cut ts price target on the company to $22 from $32.
BP Plc Inc. (NYSE: BP): Goldman Sachs downgraded the company to Neutral from Buy with a price target of $54, citing sector outperformance and concerns about the declines in the Gulf of Mexico portfolio. The firm stated, "BP has performed strongly over the past three months vs. the sector and versus the market, while the 2Q results were disappointing for profitability and volumes and there is no visibility as to when the company might start drilling again in the GoM."
A123 Systems (NASDAQ: AONE): Goldman Sachs downgraded its rating on the company to Neutral from Buy. The firm cut its price target on the stock to $5 from $9. The firm cited lower visibility into the next catalyst - the extent of profitability longer term. The GM (NYSE: GM) supply deal provides comfort around the company's relevance but does not address profit potential, according to the firm.
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