In early afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course for a disappointing finish to the week. At the time of writing the benchmark index is down 1.15% to 5,692.9 points.
Four shares that are falling more than most today are listed below. Here's why they are ending the week in the red:
The Aristocrat Leisure Limited (ASX: ALL) share price is down 4.5% to $24.31. On Thursday the gaming technology company released its full year results. Although it achieved impressive sales and profit growth in FY 2018, its result fell short of market expectations. This morning a note out of Credit Suisse revealed that it still classes its shares as a buy, but it has reduced the price target on them to $30.00.
The Coca-Cola Amatil Ltd (ASX: CCL) share price has crashed 13.5% lower to $8.74 following the release of its investor day presentation. Investors have been heading to the exits in a hurry today after management warned that 2019 would be another "transitional year" for the beverage company. In addition to this, the company advised that it plans to divest its struggling SPC business.
The Coles Group Ltd (ASX: COL) share price has dropped almost 3.5% to $11.98. Today's decline appears to be related to reports that Woolworths supermarkets has complained that some local suppliers may be giving Amazon better pricing than our largest supermarket chains. According to the AFR, Amazon Australia is undercutting the supermarket giants by as much as 50% on household staples.
The CSR Limited (ASX: CSR) share price has tumbled 4.5% to $2.98. This decline is likely to be attributable to a broker note out of Goldman Sachs. According to the note, the broker recommends buying building materials companies with international exposure and selling those exposed predominantly to the ANZ market like CSR. Goldman has a sell rating and $2.70 price target on its shares.
