The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has bounced back from yesterday's heavy fall and in afternoon trade is up 0.5% to 5,692 points.
Four shares which haven't been able to follow the market higher today are listed below. Here's why they are in the red:
The DEXUS Property Group (ASX: DXS) share price is down 5% to $10.03. A research note out of Credit Suisse this morning revealed that its analysts have reiterated their underperform rating on the REIT despite its plan to acquire two Sydney office buildings and a 25% stake in the MLC Centre in Melbourne. Credit Suisse has a price target of $9.14 on its shares, approximately 9% lower than the current share price.
The Domino's Pizza Enterprises Ltd. (ASX: DMP) share price has dropped 4% to $52.38. With no news out of the pizza company, today's decline is likely to be attributable to a research note out of Citi. The investment bank's analysts have slapped a sell rating and $45.50 price target on its shares. As I said earlier today, I think Domino's is worth taking a closer look at following this decline.
The Super Retail Group Ltd (ASX: SUL) share price has fallen almost 5% to $7.67 despite there being no news out of the company behind retail brands including Supercheap Auto and Amart. But with its shares rallying strongly in the last couple of weeks, I suspect there may be a spot of profit taking going on today.
The Reject Shop Ltd (ASX: TRS) share price is down 4.5% to $3.74. Much like Super Retail, Reject Shop's shares had rallied strongly in the last few weeks following a sharp decline in April. So today's decline is likely to be a result of profit taking in my opinion. Unfortunately this latest fall means its shares are down 55% since the turn of the year. Although it looks cheap, I would suggest investors give it a miss until its performance improves.
