The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to have a positive start to the week. In afternoon trade the benchmark index is up almost 0.5% to 5,890 points.
Four shares that have failed to follow the market higher today are listed below. Here's why they have started the week in the red:
The Boral Limited (ASX: BLD) share price is down 8% to $4.55 after the building supplies company revised its full year earnings guidance lower. Although Boral still expects to deliver EBITDA growth in FY 2019, this growth is not expected to be anywhere near as strong as previously suggested. This has been caused by weakness in its Australia business and slower than expected growth in the United States.
The Catapult Group International Ltd (ASX: CAT) share price has tumbled almost 7% to 84 cents. The sports analytics and wearables company's shares have come under significant pressure since the release of its preliminary half year results last week. Although Catapult delivered solid top line growth, it revealed that its much-hyped prosumer business wasn't performing as well as expected. So much so, management is pulling back its planned investment in the business.
The IOOF Holdings Limited (ASX: IFL) share price is down 4% to $4.91 ahead of the Royal Commission final report release this afternoon. In addition to this, its shares may be under pressure after analysts at Macquarie cut the price target on the financial services company by 7% to $4.75 in response to last week's update.
The Sydney Airport Holdings Pty Ltd (ASX: SYD) share price is down over 1.5% to $6.48. Today's decline appears to be attributable to a broker note out of Credit Suisse this morning. According to the note, the broker has downgraded the airport operator's shares to an underperform rating from neutral and cut the price target on them to $6.40. The broker made the move over concerns that international airlines plan to cut capacity.
