Apple, Amazon downgraded 'on moral and ethical grounds'

Apple, Amazon downgraded 'on moral and ethical grounds': "One analyst blacklisted several companies on Monday, citing a reason not often (or possibly ever) heard on Wall Street—moral and ethical grounds.

In the report, Ronnie Moas, Standpoint Research's founder and director of research, downgraded Apple stock from a "hold" to a "sell," reiterated a "sell" recommendation for Amazon.com shares and initiated Philip Morris stock with a "sell" rating."

'via Blog this'