Canon (CAJ) Shares Fall as JPMorgan Downgrades Two Notches to Underweight

June 1, 2012 1:41 PM EDT
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Price: $21.63 --0%

Rating Summary:
    2 Buy, 5 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 5 | New: 19
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An analyst at JPMorgan issued a mid-day downgrade on Canon (NYSE: CAJ) Friday afternoon. The stock is ticking lower following the reduced investment rating: shares last traded at $38.29, down more than 4 percent from Thursday's close.

JPMorgan now rates Canon shares an Underweight, down from Overweight previously.

For an analyst ratings summary and ratings history on Canon click here. For more ratings news on Canon click here.

Shares of Canon closed at $39.93 yesterday.


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