Monday, January 9, 2012

Altria (MO) (MMP) (MOTR) (ICE) (INTC) (ITW) Downgraded

Altria Group (NYSE: MO), Magellan Midstream (NYSE: MMP), Motricity Inc. (NASDAQ: MOTR), IntercontinentalExchange (NYSE: ICE), Intel (NASDAQ: INTC) and Illinois Tool Works Inc. (NYSE: ITW) were downgraded by analysts.

Magellan Midstream (MMP) was downgraded by Bank of America (NYSE:BAC) to a “Neutral” rating.

Altria Group (MO) was downgraded by Davenport from a “Buy” rating to a “Neutral” rating.

Motricity Inc. (MOTR) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.

IntercontinentalExchange (ICE) was downgraded by JPMorgan Chase & Co. from an “Overweight” rating to a “Neutral” rating. They have a price target of $133.00 on the company.

Intel (INTC) was downgraded by Sterne Agee from a “Buy” rating to a “Neutral” rating. They have a price target of $26.00 on the company.

Illinois Tool Works Inc. (ITW) was downgraded by Credit Suisse (NYSE:CS) from an “Outperform” rating to a “Neutral” rating.

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