Top Analyst Upgrades and Downgrades: Charter Communications, DreamWorks, FedEx, Wells Fargo, Yahoo! and More
FedEx Corp. (NYSE: FDX) was reiterated as Outperform at Oppenheimer, and the price target was raised to $168 from $161 (versus a $151.41 close).
Fresenius Medical Care A.G. & Co. (NYSE: FMS) was downgraded to Underperform from Hold at Jefferies.
KLA-Tencor Corp. (NASDAQ: KLAC) was raised to Buy from Neutral at B. Riley, and the price target was raised to $82 from $65 (versus a $70.97 close).
Norfolk Southern Corp. (NYSE: NSC) was raised to Overweight from Equal Weight and the price target was raised to $112 from $100 (versus a $101.65 close) at Barclays.
Ryanair Holdings PLC (NASDAQ: RYAAY) was raised to Neutral from Underperform at Bank of America Merrill Lynch.
Wells Fargo & Co. (NYSE: WFC) was downgraded to Underperform from Neutral and the price target is now $48 (versus a $52.90 close) at Macquarie.
Williams Partners L.P. (NYSE: WPZ) was started with a But rating at UBS.
WisdomTree Investments Inc. (NASDAQ: WETF) was reiterated as Buy and the price target was raised to $17.50 from $15.50 (versus a $11.99 close) at Sterne Agee.
Yahoo! Inc. (NASDAQ: YHOO) was raised to Overweight from Neutral and the price target was raised to $43 from $37 at Piper Jaffray.
We also just identified four high-yield dividends of 9.5% or more using UBS and FBR Capital Markets research targets.
In case you missed Friday’s top analyst upgrades and downgrades, they included Alcoa, Cigna, Intel, Molina, Teva, UnitedHealth and more.