Morning Market Losers
Acme United (NYSE: ACU) dropped 8.57% to $16.00. On Thursday, Acme United posted a quarterly net income of $368,000 or $0.11 per share.
Moneygram International (NASDAQ: MGI) dipped 7.93% to $13.64. JMP Securities downgraded Moneygram from Market Outperform to Market Perform.
Walter Energy (NYSE: WLT) shares declined 7.84% to $7.29. Analysts at Goldman Sachs downgraded Walter Energy from Neutral to Sell and lowered the target price from $9 to $5. Walter Energy is expected to release its Q1 results on May 1, 2014.
Acacia Research (NASDAQ: ACTG) shares declined 5.86% to $16.06 after the company reported weaker-than-expected Q1 results.
athenahealth (NASDAQ: ATHN) shares slipped 5.80% to $137.13 after the company reported downbeat quarterly results. Morgan Stanley analyst Ricky R. Goldwasser removed the $133.00 price target on athenahealth.
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