Pearson PLC (ADR) (PSO), Syntel Inc (SYNT) & Three Other Stocks Registered Rating Downgrades and Price Target Cuts

AMC Networks Inc (NASDAQ:AMCX) stock’s price target was cut by analysts at Nomura to $63 from $70 yesterday. However, also on Wednesday, analysts at The Street upgraded the stock to ‘Buy’ from ‘Hold’. At the end of June 24 hedge funds we track held about $263 million of AMC Networks Inc (NASDAQ:AMCX)’s stock, down from 26 funds with stakes valued at $355 million at the end of March.

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EOG Resources Inc (NYSE:EOG)  saw its price target cut to $98 from $104 at Citigroup yesterday, although the analysts maintained their ‘Buy’ rating. A total of 36 investors we track held shares of EOG Resources worth $638 million in aggregate at the end of the second quarter, down from 33 funds holding $631 million worth of shares a quarter earlier.

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