Gapping down:
Nat gas stocks ticking lower on 7% decline in nat gas futures: RRC -2.5%, SWN -2.1%, COG -1.5%.
Other news:
- ITEK -65.6% (announces top-line results of MATrX-1 did not achieve its primary endpoint of superiority in reduction of intraocular pressure compared with placebo at all 12 time points; will wait for the full results from MATrX-1)
- TKC -4.4% (following Turkish terrorist attack)
Analyst actions:
- MDT -1.3% (downgraded to Neutral from Buy at BofA/Merrill, downgraded to Neutral from Overweight at JP Morgan, downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt $77)
- NOK -1.3% (downgraded to Perform at Oppenheimer)
- KORS -1.0% (downgraded to Neutral from Overweight at Piper Jaffray)
- ANF -0.9% (downgraded to Underperform from Perform at Oppenheimer, downgraded to Hold from Buy at Jefferies)