MGM Resorts International (NYSE: MGM) was raised to Buy from Neutral and the price target was raised handily, to $33.50 from $21 (versus a $25.36 closing bell), at Bank of America Merrill Lynch. The drivers behind the upgrade are an upside to Macau, to valuation as Cotai gets closer and a continued Las Vegas recovery.
Nationstar Mortgage Holdings Inc. (NYSE: NSM) was raised to Buy from Neutral, but the price target was cut to $40 from $45, at Sterne Agee. Shares were also reiterated as Outperform and the price target was cut to $44, versus a prior target of $46, at Credit Suisse.
Shutterly Inc. (NASDAQ: SFLY) was given two different analyst calls this morning. It was downgraded to Equal Weight from Overweight at Barclays. RBC Capital markets initiated coverage with an Outperform rating and a price target of $64, versus a closing price of $46.42.
Twitter Inc. (NYSE: TWTR) has seen analysts be negative and downgrade the stock several times since the end of December, all driving the stock lower. Now we have a call from Goldman Sachs offering support for Twitter on Monday. The firm raised its price target to $65 from $46 on Monday, which now appears to be the highest price target on the street, versus any other bulge bracket firms.
Other Key Analyst Calls
Banco Bilbao Vizcaya Argentaria S.A. (NYSE: BBVA) was raised to Overweight from Equal Weight at Barclays.
BlackBerry Ltd. (NASDAQ: BBRY) was downgraded to Underperform from Perform at Oppenheimer.
Finish Line Inc. (NASDAQ: FINL) was raised to Buy from Neutral and given a $33 price target at Sterne Agee.
Ford Motor Co. (NYSE: F) was reiterated as Buy with a $19 price target at Sterne Agee. The call was based on the new full-sized pickup trucks out later in 2014 as possibly the most important product information at the 2014 Detroit Auto Show.
Garmin Ltd. (NASDAQ: GRMN) was raised to Outperform from Perform by Oppenheimer.
Macy’s Inc. (NYSE: M) was raised to Outperform from Neutral at Macquarie.
Sanmina Corp. (NASDAQ: SANM) was downgraded to Underperform from Market Perform at Raymond James.
Stericycle Inc. (NASDAQ: SRCL) was started as Outperform with a target price of $140 (versus a $115.42 close) at Credit Suisse.
Symantec Corp. (NASDAQ: SYMC) was downgraded to Underweight from an already cautious Equal Weight rating at Morgan Stanley.
TiVo Inc. (NASDAQ: TIVO) was downgraded to Neutral from Buy at Goldman Sachs.
Visa Inc. (NYSE: V) was raised to Buy from Neutral at Citigroup.
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