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Friday, November 4, 2011

Nokia (NOK) (KRO) (MDC) (JWN) Downgraded

Nokia (NOK), Kronos (KRO), MDC Holdings (MDC) and Nordstrom (JWN) were downgraded by analysts.

Nokia (NOK) was downgraded by JPMorgan (NYSE:JPM) from Overweight to Neutral. They have a price target of $6.00 on the company.

Kronos (KRO) was downgraded by Wells Fargo (NYSE:WFC) from Outperform to Market Perform. They cited valuation as the catalyst behind the call.

MDC Holdings (MDC) was downgraded from Outperform to Neutral by Credit Suisse (NYSE:CS). They have a price target of $18 on the company.

Nordstrom (JWN) was downgraded by Morgan Stanley (NYSE:MS) from an Overweight to Equal-weight. They cited valuation as the catalyst behind the call. They have a price target of $52 on the company.

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