Analyst calls: Marriott downgraded
Bank of New York Mellon initiated with a 'buy,' and DirecTV upgraded to 'buy.'
- BNY Mellon (BK) initiated with a Buy at Citigroup
- Genomic Health (GHDX) initiated with an Outperform at Credit Suisse
- Pandora (P) initiated with a Reduce at Nomura
- State Street (STT) initiated with a Buy at Citigroup
- Automatic Data Processing (ADP) downgraded to Neutral from Buy at UBS
- Marriott (MAR) downgraded to Market Perform from Outperform at Keefe Bruyette.
- Nokia (NOK) downgraded to Underperform from Market Perform at BMO Capital
- Coinstar (CSTR) downgraded to Market Perform from Outperform at Northland Securities.
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The company is scrambling to protect its equities arm, which could face declining volume and revenue as competitors close the gap.
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