Financial Stocks in Motion
Shares of
Comerica
(CMA) - Get Report
fell Friday after the Detroit-based financial services company was downgraded by Prudential to neutral weight from overweight. Prudential cited concerns about margin pressure as a reason for the downgrade. Comerica was down 1.7% to $57.47 in recent trading.
Aflac
(AFL) - Get Report
took off after Deutsche Securities issued a positive report on the Georgia-based insurance company and upgraded the stock to a buy rating. Shares of Aflac were up $1.45 to 48.66 in recent trading.
Shares of fund manager
Janus Capital
(JNS)
rose as Banc of America Securities raised its rating to buy from sell. The firm also lifted its price target to $23 from $14. Janus rose 88 cents, or 4.7%, to $19.82 in recent trading.
American Capital Strategies
(ACAS)
dropped after the Bethesda, Md., investment company said it priced a public offering of 4 million shares at $35.20 a share. The offering is expected to close on Jan. 11. Shares fell 2.4% to $35.80.