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Hess, PetSmart, Jos. A Bank are market movers

Source : AP
Last Updated: Mon, Jan 28, 2013 22:30 hrs

Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Hess Corp., up $3.58 at $62.48

The energy company plans to sell its U.S. terminal network and close its New Jersey refinery, exiting the refining business.

AK Steel Holding Corp., down 33 cents at $4.11

A Goldman Sachs analyst downgraded the steel company's stock to "Sell," saying the stock may fall after its recent rise.

Sony Corp., up 71 cents at $15.12

A Citi analyst upgraded the electronics maker's stock to "Buy," saying the weakening Japanese yen will help the company.

Brookfield Office Properties Inc., down 41 cents at $16.61

A Citi analyst downgraded the real estate investment trust and lowered its price target, citing the end of a major tenant's lease.

Nasdaq

PetSmart Inc., down $6.36 at $63.63

A Nomura analyst downgraded shares of the pet food retailer citing increased competition from Internet retailer Amazon.com.

Jos. A Bank Clothiers Inc., down $6.99 at $39.28

The men's clothing retailer announced that its fiscal 2012 net income will be about 20 percent lower than the previous year.

Bed Bath & Beyond Inc., down $1.27 at $58.51

A Goldman Sachs analyst downgraded shares of the home goods retailer citing moderating sales growth and increasing competition.

Ingredion Inc., down $3.25 at $66.75

A Citi analyst cut his rating on the high-fructose corn syrup maker's stock, saying it could be hurt by declining sugar prices.




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