Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.
Shake Shack
Investors lost their appetite for Shake Shack (SHAK). Shares of the burger chain took a dive after Morgan Stanley downgraded it to "underweight" from "equal weight" The firm believes the stock is "overpriced" and kept its price target at $38 a share, that's more than 35% below Monday's closing price. Morgan Stanley said its "brand-related euphoria" is not supported by market fundamentals.
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Advanced Micro Devices
Advanced Micro Devices (AMD) took a big hit. The chip maker sank to a 2-and-a-half year low after cutting its guidance. AMD blamed weak demand in personal computers and said revenue for the second-quarter will be down 8%. The stock's price target was also cut at UBS and Wedbush.
Tesla
Tesla (TSLA) skid on a downgrade. Deutsche Bank is now rating the electric car maker a "hold" from "buy". The price target, however was raised by $35 to $280 a share, which is closer to the stock's current trading price. The firm's revision comes from "insufficient risk/reward" to maintain the most bullish call status.
