Stocks to Watch: Caterpillar, Sony and More ...
Stocks slumped in the wake of disappointing sales results from Alcoa, the first Dow component to report first quarter results, and as oil prices sank on Goldman's call for a correction in oil prices.
The Dow Jones Industrial Average fell more than 100 points, after ending Monday's session flat as investors awaited the unofficial start to earnings season.
Here are six that are on the move:
Caterpillar
The heavy machinery manufacturer was upgraded to buy from neutral at Buckingham.
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Sony
The electronics manufacturer was downgraded to hold from buy at Maxim Group.
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Madison Square Garden
The entertainment company was trading at all-time highs Tuesday.
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Hyatt Hotels
The hotel chain was initiated sell at Morgan Stanley.
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Kraft Foods
The food manufacturer's 2011 earnings estimates were reduced at Soleil Securities, reflecting the loss of the Starbucks Coffee distribution business.
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Gap
The clothing retailer was initiated overweight at Barclays Capital with a $28 price target.
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