- Citigroup upgraded JPMorgan (JPM) to buy from hold on valuation as it finds the risk/reward on shares attractive following yesterday's sell-off. Citi keeps a $48 price target on the stock.
- Oppenheimer upgraded International Game Tech (IGT) to outperform from perform as it believes fundamentals for slot suppliers will improve over the next two years. The firm has a $29 price target on the stock.
- SunTrust believes Perry Ellis (PERY) is now positioned to deliver stronger margins and significant reductions in charge-backs. Shares were upgraded to buy from neutral.
- Nordstrom (JWN) was upgraded to neutral from underperform at BofA/Merrill.
- Tyson Foods (TSN) was upgraded to buy from hold at BB&T.
- Consol Energy (CNX) was upgraded to buy from neutral at Goldman.
FIT posts
FeedAnalyst Upgrades, Downgrades and Initiations: AMAT, BDX, JPM, JWN, POT, SCHW, TSN ...
Analyst upgrades, downgrades and initiations: ANN, CS, MCO, NRG, RHT, TJX ...
- Citigroup upgraded Robert Half (NYSE: RHI) to Hold from Sell following the company's Q2 results, believing the worst may be behind the company. Citi raised its target on shares to $24 from $18.
- Goldman upgraded AnnTaylor (NYSE: ANN) to Buy from Neutral and raised its target to $13 from $6.50, citing improved merchandising and inventories.
- Baird upgraded TrueBlue (NYSE: TBI) to Outperform from Underperform and raised its target to $12 from $9, citing the better-than-expected Q2 report and guidance, strong balance sheet, and valuation.
- F5 Networks (NASDAQ: FFIV) was upgraded to Neutral from Underperform at BofA/Merrill.
- Credit Suisse (NYSE: CS) was upgraded to Buy from Hold at Deutsche Bank.
- Sanmina (NASDAQ: SANM) was upgraded to Neutral from Underperform at Credit Suisse.
Continue reading Analyst upgrades, downgrades and initiations: ANN, CS, MCO, NRG, RHT, TJX ...
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