Analysts Delivered Downgrades on These 3 Stocks Today

Stock analysts have released downgrades on these companies’ stocks:

  • Fastenal (NASDAQ:FAST): BB&T Capital Markets has downgraded this company from Buy to Hold.  No price target was given.  About the company:  Fastenal Company sell industrial and construction supplies in a wholesale and retail fashion. The Company markets its products and services throughout the United States, Canada, Mexico, Puerto Rico, Singapore, China, and The Netherlands. Competitors to Watch: Interline Brands, Inc. (NYSE:IBI), General Electric (NYSE:GE), Lawson Products, Inc. (NASDAQ:LAWS), W.W. Grainger, Inc. (NYSE:GWW), Caterpillar Inc. (NYSE:CAT), 3M Company (NYSE:MMM), and Honeywell International Inc. (NYSE:HON).
  • IBM (NYSE:IBM): Davenport downgraded this company from Buy to Neutral.  The analysts give a price target of $189 per share.  About the company: International Business Machines Corporation (NYSE:IBM) provides computer solutions through the use of advanced information technology. The Company’s solutions include technologies, systems, products, services, software, and financing. IBM offers its products through its global sales and distribution organization, as well as through a variety of third party distributors and resellers. Competitors to Watch: Accenture plc (NYSE:ACN), Hewlett-Packard Company (NYSE:HPQ), Oracle (NASDAQ:ORCL), Cisco (NASDAQ:CSCO), Intel (NASDAQ:INTC), Dell (NASDAQ:DELL), Apple (NASDAQ:AAPL), SAP (NYSE:SAP), Teradata (NYSE:TDC) and Microsoft Corporation (NASDAQ:MSFT).
  • Energy Transfer (NYSE:ETP): Wunderlich downgraded this company from Buy to Hold.  The price target was lowered to $52 from $56.  About the company:   Energy Transfer Partners, L.P. owns and operates a diversified portfolio of energy assets. The Company’s operations include natural gas gathering and transportation pipelines, with natural gas treating and processing assets located in Texas, Oklahoma, and Louisiana. Energy Transfer markets propane from retail locations in various states across the United States. Competitors to Watch: Enterprise Products Partners LP (NYSE:EPD), Copano Energy (NASDAQ:CPNO), Kinder Morgan Energy (NYSE:KMP), MarkWest Energy (NYSE:MWE), El Paso Pipeline (NYSE:EPB), El Paso (NYSE:EP), Enterprise GP Holdings (NYSE:ETP), Energy Transfer (NYSE:ETP), Duncan Energy (NYSE:DEP) and Magellan Midstream Partners (NYSE:MMP).

(Note: Selected financial data are sourced from Yahoo! Finance.  All data are assumed to be accurate.)

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