MOST NOTEWORTHY: Chipotle Mexican Grill, Inc (CMG), Caterpillar Inc (CAT), The9 Ltd (NCTY), Teekay Shipping Corp (TK) and Ship Finance International Ltd (SFL) were on today's noteworthy downgrade list:
- Stifel downgraded Caterpillar (NYSE: CAT) to Hold from Buy on valuation.
- Pacific Crest cut shares of The9 (NASDAQ: NCTY) to Sector Perform from Outperform with a $41 target following the disappointing Q1 results and slow start to the second quarter.
OTHER DOWNGRADES:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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