Caution has clearly been the fool’s way in this market.
Most CEOs were too hesitant and pessimistic to ink any buyouts when they could get them on the cheap. Now the door is closing.
ValueClick is downgraded to 'hold,' and Bed Bath & Beyond is downgraded to 'cautious.'
Sure, there's plenty of bad -- but there is good afoot, too.
This isn't to suggest it'll rebound. But it may just stay at this level -- far better than further deterioration.
AB InBev is downgraded to 'conviction sell,' and Boeing is upgraded to 'buy.'
Panera Bread is upgraded to 'market perform,' and Boston Scientific is downgraded to 'neutral.'
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