As noted earlier, Wedbush downgraded O'Reilly to Neutral from Outperform. As reasons for the downgrade, analyst Seth Basham cited the sector's declining margins and competition from e-commerce. He thinks that the sector's comp sales growth will have a "new normal rate" of "closer to 2%," down from 3%-4% previously.
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSImpinj (PI) up... To see the rest of the story go to thefly.com. See Story Here