UPDATE: Bank Of America Downgrades C.R. Bard

In a note dated July 29, Bank of America analyst Bob Hopkins downgraded shares of C.R. Bard (NYSE: BCR) from Neutral to Underperform and maintained a $150 price objective.

Hopkins noted that he made no change to and has no more or less conviction in his revenue and earnings assumptions or his price objective. Instead, he simply said that with the stock trading above his price objective, it now offers the least amount of upside in his large cap coverage.