Search result for Downgrade
Hedge Fund Third Point LLC Plans to take Stake in Sony
Daniel Loeb’s hedge fund Third Point LLC is reportedly building a stake in Sony Corp. (NYSE: SNE) to push for changes that include shedding some businesses, marking the second time in six years it has targeted the Japanese electronics maker, according to Reuters, citing people familiar with the matt...
GE Shares Fall after JPMorgan Downgrade
General Electric Company (NYSE: GE) shares edged lower on Monday after J.P. Morgan analyst downgraded the Company. GE shares fell by 6.6% early Monday morning. J.P. Morgan investigator Stephen Tusa downsized GE offers to underweight from impartial and cut his year value focus to USD 5 from USD 6 ...