American International Group Inc. (NYSE: AIG) was cut to Neutral from Buy at Goldman Sachs.
Alpha Natural Resources Inc. (NYSE: ANR) was cut to Sell from an already cautious Neutral rating at Goldman Sachs.
American Eagle Outfitters Inc. (NYSE: AEO) was cut to Market Perform from Outperform at Wells Fargo.
Coach Inc. (NYSE: COH) was cut to Market Perform from Outperform at Wells Fargo.
Incyte Corp. (NASDAQ: INCY) was resumed in coverage with a Sell rating at Goldman Sachs.
J.C. Penney Co. Inc. (NYSE: JCP) was started as Underperform at Wells Fargo.
T-Mobile USA Inc. (NYSE: TMUS) was initiated as Underperform at Bank of America/Merrill Lynch.
TJX Companies Inc. (NYSE: TJX) was cut to Market Perform from Outperform at Wells Fargo.
Tiffany & Co. (NYSE: TIF) was cut to Market Perform from Outperform at Wells Fargo.
See also: Top Analyst Upgrades and Positive Calls This Tuesday
Deutsche Bank said that it is time to sell industrial stocks to rotate back into banks and technology.
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