Western Refining Downgraded, Falls 8.6% (WNR)

Shares of El Paso, Texas-based Western Refining Inc. WNR are trading down 8.6% at $9.70 per share during the Monday afternoon trading session. The company's stock was downgraded earlier today by RBC Capital Markets from Sector Perform to Underperform and the price target was raised from $7 to $8. The day's trading range for shares of Western Refining Inc has been between $9.32 and $10.42 per share. Analysts covering Western Refining Inc. (WNR) stock give it a consensus price target of $7.92 per share. Trading volume for Western Refining Inc has been very heavy, with 6.5 million shares having been traded today, far above the daily average volume of 1.7 million shares. Western Refining, Inc is an independent refining and marketing company that operates refineries in El Paso and Gallup, New Mexico. Read more from Benzinga's Company news.