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Barclays Previews Big Bank Earnings

As earnings season gets into full swing this week, analysts at Barclays provided a Q1 earnings preview for seven big American banks. Despite an overall positive industry view, analysts see a tough Q1 for financials. Here’s what they had to say about these banks:

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SunTrust Just The Latest Wall Street Firm To Downgrade Trex

In a recent report, analysts at SunTrust downgraded Trex Company Inc TREX 3.46% from Buy to Hold based primarily on the stock’s valuation at current price levels. Trex is a global leader in recycled wood-alternative decking, railings and other outdoor items. Back in February Stifel downgraded the stock from Buy to Hold, citing a “stretched”…

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Jefferies Upgrades Eagle Bulk, Boosts Price Target By 75%

In a new report, analysts at Jefferies upgraded Eagle Bulk Shipping EGLE 2.85% from Hold to Buy based on the terms of the company’s recently-announced new agreement with Korea Line Corp with respect to twelve vessels chartered to Korea Line Corp. Analysts believe that the terms of the new deal lock-in long-term contracts under terms…