General Motors and Exxon Downgraded, Under Armour Raised at UBS

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General Motors and Exxon Downgraded, Under Armour Raised at UBS

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General Motors and Exxon Downgraded, Under Armour Raised at UBS

TheStreet 1:06 mins

General Motors (GM) was downgraded at Deutsche Bank (DB) to a Hold from Buy rating. The price target remains unchanged at $41 per share. Deutsche Bank says the company is 'seeing deceleration in contribution margins.' Exxon Mobil (XOM) was also downgraded to Underweight from Equal Weight at Barclays. But the firm is raising its price target for the stock to $105 from $100 due to its resource estimates. The price target for Under Armour (UA) was raised at UBS (UBS) from $53 to $70. UBS says the company is 'positioned for strong domestic and international growth.' TheStreet's Susannah Lee has the details.

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