Shares of Lexmark (NYSE:LXK), Graham Packaging (NYSE:GRM), Qualcomm (NASDAQ:QCOM) and Safeway (SWY) all received ratings updates from various brokerages.
Graham Packaging (GRM) was downgraded by Goldman Sachs (NYSE:GS) from "Buy" to "Neutral." Goldman Sachs has a price target of $24 on Graham. Goldman said that valuation was the catalyst, as the stock has surged 38 percent over the last couple of weeks.
Lexmark (LXK) was downgraded at Brean from "Buy" to "Hold." Lexmark is challenged by new headwinds in sales and margins.
Qualcomm (QCOM) was rated a new "Buy" at ThinkEquity. It has a price target of $5 on them. ThinkEquity sees Qualcomm as the best large-cap chip play on smartphones and tablets.
Safeway (SWY) was downgraded at Jefferies (NYSE:JEF) from "Buy" to "Hold." According to a store manager survey, in the short term trends are getting worse. Jefferies placed a $25 price target on Safeway.
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