International Paper (IP) - Get International Paper Company (IP) Report was downgraded to neutral at DA Davidson. $59 price target. Earnings estimates were also cut, given the company's new guidance, Davidson said.
Parexel (PRXL) was downgraded to sell from hold at Deutsche Bank. $53 price target. The company can't cut costs fast enough to offset lower sales, Deutsche said.
Quintiles (Q) was downgraded to hold from buy at Deutsche Bank. $80 price target. The valuation is less attractive, given concern around sales growth from the merger, Deutsche said.
Ralph Lauren (RL) - Get Ralph Lauren Corporation Class A Report was downgraded to underweight from neutral at Piper Jaffray. $70 price target. CEO departure will delay the potential business turnaround, Piper said.
This article was written by a staff member of TheStreet.