Tesla is initiated with an 'overweight,' and Marvell is upgraded to 'positive.'
DuPont is downgraded to 'sell,' and Pacific Sunwear is upgraded to 'buy.'
Cree is downgraded to 'neutral,' and Zale is initiated with an 'overweight.'
Constellation Brands is downgraded to 'neutral,' and Verizon is upgraded to 'overweight.'
Sprint is downgraded to 'underperform,' and UPS is downgraded to 'sector perform.'
Tiffany and Blue Nile also drop as investors expect luxury retailers to sag. Meanwhile, budget sellers like Target and Wal-Mart are having a strong year.
Most seem poised for troubled second-quarter numbers. But there's one that's hanging in there.
Tiffany and Neiman Marcus have seen robust sales, but Blue Nile struggles with unique problems.
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