(EMAILWIRE.COM, March 10, 2010 ) Dallas, Tx - J. Crew Group, Inc. (NYSE:JCG) fell 4% to $45.17 after Citi downgraded the company's share from Buy to Hold. However the firm the raised their price target on the company's share by $1 to $50.
XL Capital Ltd. (NYSE:XL) fell 2.18% to $18.83 after Janney Montgomery Scott downgraded the company's share from Buy to Hold.
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BofA/Merrill Lynch have downgraded shares of Chevron Corporation (NYSE:CVX) from Buy to Neutral and lowered the price target by $5 to $90. Shares of CVX fell 0.40% to $74.02.
Vale (ADR) (NYSE:VALE) was also downgraded by UBS from Buy to Neutral. Shares of VALE are down marginally.
Collective Brands Inc. (NYSE:PSS) fell 10% to $21.65 after Soleil Securities downgraded their rating on the company's share from Buy to Hold with a price target of $26 KM Partners also downgrades Collective Brands from Buy to Neutral. The company reported its fourth-quarter net loss narrowed to 17 cents a share, or an adjusted 18 cents, from $2.28 a year earlier. Sales rose to $741.7 million from $735.2 million. Analysts polled by FactSet were looking for a loss of 26 cents a share on sales of $726.3 million.
Annaly Capital Management, Inc. (NYSE:NLY) fell 1.41% to $18.15 after J.P. Morgan downgraded their rating on the company's share from Overweight to Neutral and set a price target of $19.
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