May 10, 2013 (MarketNewsVideo.com via COMTEX) -- This morning, Wells Fargo reduced its EPS estimates on shares of Dish Network (DISH) through 2014 as customer acquisition costs are increasing. In the report, Wells Fargo maintained its outperform rating. Shares of Dish Network modestly higher on Friday, picking up 0.2%.
Lazard Capital Markets lowered its EPS estimates on shares of Mcdermott International (MDR) through 2014 following disappointing earnings from the company on Wednesday. In the report, the firm noted execution issues and lowered its price target to $13 per share. Shares of MDR were lower again today, falling 1.2% so far.
And JMP lowered its price target on shares of Priceline.com (PCLN) to $825 as advertising costs were heading higher and impacting earnings. In the report, JMP reduced its EPS estimates, but maintained its outperform rating. Shares of Priceline.com were higher on Friday, gaining 3.4%.
The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=201305Downgrades051013&mv=1.
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As of Monday, 05-06-2013 23:59, the latest Comtex SmarTrendA? Alert,
an automated pattern recognition system, indicated a DOWNTREND on
04-13-2012 for MDR @ $11.54.
As of Monday, 05-06-2013 23:59, the latest Comtex SmarTrend Alert,
an automated pattern recognition system, indicated a DOWNTREND on
04-23-2012 for WFC @ $32.60.
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