- Oppenheimer upgraded Hubbell (HUB.B) to outperform from perform to reflect the company's improving operations, margin expansion and valuation. The firm raised its target price on shares to $53 from $51.
- UBS upgraded Weingarten Realty (WRI) and Taubman Centers (TCO), Boston Properties (BXP), ProLogis (PLD) and AMB Property (AMB) to neutral from sell and SL Green Realty (SLG) to buy from neutral, citing the recent correction in the group.
- Benchmark Co. upgraded Time Warner (TWX) to buy from hold on expectations the company is positioned for steady, sustainable growth as advertising demand rebounds. The firm has a $35 price target on shares.
- Eastman Chemical (EMN) was upgraded to overweight from neutral at JPMorgan.
- Constellation Energy (CEG) was upgraded to overweight from equal weight at Barclays.
- Noble Corporation (NE) was upgraded to outperform from market perform at FBR Capital.
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Analyst upgrades, downgrades and initiations: AFL, COH, CPB, DOW, MS, TTM ...
- Baird upgraded WinTrust (NASDAQ: WTFC) to Neutral from Underperform and raised its target to $20 from $13 citing the accretive purchase of AIG (NYSE: AIG) loans and reduced risk of a capital raise.
- Piper Jaffray upgraded Coach (NYSE: COH) to Overweight from Neutral on expectations product sell-throughs and margin trends will improve in the coming quarters. The firm has a $32 target on the stock.
- RBC Capital upgraded Campbell Soup (NYSE: CPB) to Sector Perform from Underperform and raised its target to $33 from $29. The firm cites Campbell's recent innovation, easy volume comps, and "reasonable" consensus estimates for its upgrade.
- Tata Motors (NYSE: TTM) was upgraded to Equal Weight from Underweight at Morgan Stanley.
- Rockwell Automation (NYSE: ROK) was upgraded to Buy from Neutral at BofA/Merrill.
- Fifth Third Bancorp (NASDAQ: FITB) was upgraded to Conviction Buy from Buy at Goldman.
Continue reading Analyst upgrades, downgrades and initiations: AFL, COH, CPB, DOW, MS, TTM ...
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