Morning Market Losers
Ocwen Financial Corp. (NYSE: OCN) shares declined 18.49% to $13.05. Ocwen Financial slipped yesterday following a legal settlement in which the company will pay $150 million.
Sky Solar Holdings, Ltd. (NASDAQ: SKYS) shares dropped 15.06% to $10.48 after the company announced changes to its executive management team.
Key Energy Services Inc. (NYSE: KEG) shares fell 8.38% to $1.86. Global Hunter downgraded Key Energy Services from Neutral to Reduce and lowered the price target from $2.50 to $1.50.
Achillion Pharmaceuticals, Inc. (NASDAQ: ACHN) shares slipped 5.75% to $14.60 after surging 9.01% on Monday. Baird downgraded Achillion Pharmaceuticals from Outperform to Neutral and raised the price target from $12.00 to $16.00.
Steelcase Inc. (NYSE: SCS) slipped 4.63% to $17.09 after the company reported downbeat quarterly revenue. However, the company reported better-than-expected third-quarter earnings.
Keurig Green Mountain, Inc. (NASDAQ: GMCR) shares declined 3.42% to $134.60. Keurig Green Mountain is recalling roughly 7.2 million of the MINI Plus Brewing Systems following reports of potential burning and overheating issues.
Avon Products Inc. (NYSE: AVP) shares fell 1.38% to $9.27. Analysts at BMO Capital downgraded Avon Products from Market Perform to Underperform and lowered the price target from $10 to $7.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.