Stocks to Watch: Devon Energy, Range Resources, More ...
Stocks were on the decline after a weak report on manufacturing out of the Philadelphia Federal Reserve and a disappointing report on jobless claims.
The Dow Jones Industrial Averagewas down more than 100 points after sliding nearly 140 points lower on the Philly Fed news. The action comes after market gains in the past two trading sessions. Intel , General Electric and Boeing led blue-chips lower.
The S&P 500and the Nasdaqwere also down. The CBOE Volatility Index, widely considered the best gauge of fear in the market, was up more than 5 percent, above 25.
So which individual stocks are worth watching today? Here are six that are on the move:
Devon Energy
The energy provider was upgraded to overweight from equal weight at Morgan Stanley with a price target of $74.
-----------Athenahealth
The health services provider was downgraded to sell from hold at Brean Murray, Carret.
-----------Cummins
The commercial vehicle manufacturer was trading at an all-time high level as far back as our history to 1980.
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Eaton Vance
The asset manager was downgraded to sell from hold at Citi. The firm also cut the price target to $23 from $32.
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Gap
The clothing retailer was initiated a buy at Standpoint Research with a $25 price target.
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Range Resources
The exploration and production company hit a new 52-week low, trading at levels not seen since March, 2009.
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