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Citigroup Inc. (NYSE:C): Economists continue their skepticism in regards to the economic benefits that another round of bond buying by the Fed would produce. The majority predict that the central bank will follow that road at the end of its latest policy meeting today, according to the Wall Street Journal’s latest forecasting survey.
Advanced Micro Devices, Inc. (NYSE:AMD) shares were downgraded from Buy to Neutral by Citigroup. Their analysts have also reduced the price target to $4.25 on the stock, a decrease of $6.50.
Sprint Nextel Corporation (NYSE:S): Verizon Wireless plans to include Apple’s (NASDAQ:AAPL) FaceTime video-calling on its cellular network on every one of its data plans, and AT&T (NYSE:T) refuses to, according to the Wall Street Journal, who adds that Sprint Nextel claimed it wouldn’t put limits on the use of FaceTime.
Halcon Resources Corp (NYSE:HK) shares dropped for the second day in a row following its announcement that a shareholder intends to sell 35 million shares with a large discount.
Abercrombie & Fitch (NYSE:ANF) has included the Goldman Sachs Group Inc as it attempts to avoid pressure from investors. Goldman has been hired to assist in keeping activist Relational Investors at a distance. The retailer’s sales have dropped as its style is no longer favorable in the segment that is dominated by fast-fashion retailers.
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