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Take a look at some of Monday’s morning movers:
Avon Products - The cosmetics maker has named former Johnson & Johnson executive Sheri McCoy has its new CEO. She'll take over from Andrea Jung as of April 23, though Jung will remain as executive chairman.
AOL - The company is selling more than 800 patents to Microsoft in a deal worth about $1.06 billion.
Apple - BTIG has downgraded Apple shares to “neutral” from “buy,” saying it's time for investors to take a pause after the stock's runup, and consider the possible pricing pressures that may force Apple to cut prices for the iPhone.
Eli Lilly - The FDA has approved a Lilly test that helps doctors diagnose Alzheimer's disease earlier and more accurately. The test involves proteins that are present in the brains of Alzheimer's patients.
Eastman Chemical - Goldman Sachs has upgraded the chemical maker’s shares to “conviction buy,” saying Eastman is in position to benefit from a drop in propane prices.
CBS, Discovery Communications, Walt Disney, and News Corp. have all been downgraded to “neutral” from “buy” at Citi. It cites a slowdown in cable ad growth, as well as lower cable ratings for the move.
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