Investing
Top Analyst Upgrades and Downgrades: AMD, ARM, Chevron, Exxon, Netflix, Sprint, Twitter and More
June 10, 2014 8:45 am
CenterState Banks Inc. (NASDAQ: CFSL) was started as Buy with a $13.50 price target (versus a $10.96 close) at Sterne Agee, based on multiple catalysts that will drive earnings higher in the next 18 months.
Chevron Corp. (NYSE: CVX) was started as Buy with a $142 price target (versus a $124.37 close) at Deutsche Bank.
ConocoPhillips (NYSE: COP) was started as Buy with a $94 price target (versus a $80.85 close) at Deutsche Bank.
Cognizant Technology Solutions Corp. (NASDAQ: CTSH) was downgraded to Neutral from Positive at Susquehanna.
Coupons.com Inc. (NYSE: COUP) was downgraded to Sell from an already cautious Neutral rating and was given a downside price target of $19 (versus a $27.83 closing price) at Goldman Sachs. This stock has not even been public for three full months, and that is unusual to already see a Sell rating from one of the firms that was a book-runner in the offering syndicate.
Colgate-Palmolive Co. (NYSE: CL) was raised to Outperform from Market Perform with a $75 price target (versus a $68.44 close) at BMO Capital Markets.
Exxon Mobil Corp. (NYSE: XOM) was started as Hold with a $105 price target (versus $101.52 close) at Deutsche Bank.
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HomeAway Inc. (NASDAQ: AWAY) was raised to Neutral from Underperform at Bank of America Merrill Lynch.
Intel Corp. (NASDAQ: INTC) was resumed with a Hold rating and given a $29 price target (versus a $27.91 close) at Canaccord Genuity.
Las Vegas Sands Corp. (NYSE: LVS) was downgraded to Neutral from Buy at UBS.
Netflix Inc. (NASDAQ: NFLX) was raised to Overweight from Equal Weight and the price target was raised to $500 from $400 (versus a $423.09 close) at Evercore Partners.
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ON Semiconductor Corp. (NASDAQ: ONNN) was reiterated as Buy and the price target was raised to $13 at Sterne Agee, after announcing a $400 million acquisition of Aptina Imaging in an accretive merger.
Sprint Corp. (NYSE: S) was raised to Outperform from Neutral at Macquarie. Just as a reminder, Merrill Lynch said on Monday that it does not like Sprint with or without T-Mobile.
Twitter Inc. (NYSE: TWTR) was raised to Market Perform from Underperform with a $36 to $39 price target range (versus a $34.47 close) at Wells Fargo Securities.
Wendy’s Co. (NASDAQ: WEN) was downgraded to Hold from Buy by Argus, based on an on uncertain outlook now that its turnaround lifted shares so much.
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