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3 Dow Stocks That Never Recovered

Dan Caplinger
February 14, 2012

The stock market initially fell Tuesday after a planned Wednesday meeting of European financial leaders about the Greek bailout got taken off the calendar. Continuing concerns about the ramifications of the Obama administration's proposed federal budget also weighed on various parts of the market for much of the day. But in a late rally, the broader market regained most of its losses, and the Dow Jones Industrials (INDEX: ^DJI  ) actually finished the day up four points to 12,878.

Nevertheless, some stocks still fell. Let's take a look at three of the worst losers on the day.

Bank of America (NYSE: BAC  ) , down 3.3%
Once again, B of A played its role as the most volatile member of the Dow. Today, though, it has a former Dow component and peer to blame for the damage.

Citigroup downgraded B of A to neutral this morning, citing the stock's big rise this year. Many investors see its risk level decreasing as it raises capital and sees an improving economic environment, but Citi thinks that until B of A deals with its long-standing mortgage-loss problems, growth won't come in as strong as other analysts expect.

In addition, reports said the bank signed a tentative deal to sell its 37-story Boston tower at 100