Stocks Hitting 52-Week Lows

The Fresh Market Inc TFM shares fell 3.17 percent to reach a new 52-week low of $26.39. Bank of America downgraded Fresh Market from Neutral to Underperform and lowered the price target from $35.00 to $25.00. Bon-Ton Stores Inc BONT shares reached a new 52-week low of $3.56. Bon-Ton Stores reported a Q2 loss of $1.80 per share on revenue of $555.4 million. Versartis Inc VSAR shares fell 7.17 percent to touch a new 52-week low of $13.33. Credit Suisse initiated coverage on Versartis with a Neutral rating and a $20.00 price target. Targa Resources Corp TRGP shares declined 4.96 percent to touch a new 52-week low of $69.03. Jefferies downgraded Targa Resources from Hold to Underperform and lowered the price target from $91.00 to $59.00.