Advanced Micro Devices Inc. (NASDAQ: AMD) was reiterated as Buy with a $9 price target at Jefferies. The firm said that its own checks indicate AMD’s Zen Server MPU is gaining traction with China hyperscale players, and the analyst feels that more deals after Alibaba are in the works.
Capstar Financial Holdings Inc. (NASDAQ: CSTR) was started with a Market Perform rating and was given a $19 price target (versus a $17.73 close) at Keefe Bruyette & Woods.
LendingClub Corp. (NYSE: LC) was reiterated as Underperform with a $3.75 price target (versus a $6.00 close) at Wedbush. The firm feels that raising interest rates, tightening underwriting criteria and higher net charge-offs are going to work against it.
MGIC Investment Corp. (NYSE: MTG) was started with a Buy rating and was assigned a $10 price objective (versus a $7.99 close) at Merrill Lynch.
Newell Brands Inc. (NYSE: NWL) was reiterated as Buy with a $66 price target (versus a $52.25 close) at Jefferies. The firm feels that Newell’s recently announced portfolio divestitures are probably just the first steps in pruning Jarden’s portfolio, and the firm kept it as a top pick.
NextEra Energy Partners L.P. (NYSE: NEP) was raised to Buy from Neutral with a $31 price target (versus a $27.04 close) at UBS.
Novan Inc. (NASDAQ: NOVN) was started as Outperform with a $27 price target (versus an $18.97 close) at Credit Suisse. It was also started as Outperform with a $27 price target at Wedbush.
PNC Financial Services Group Inc. (NYSE: PNC) was raised to Buy from Hold with a $98 price target (versus an $88.03 close) at Argus. It has a 52-week range of $77.40 to $97.50.
Public Service Enterprise Group Inc. (NYSE: PEG) was raised to Buy from Neutral with a $47 price target (versus a $40.90 close) at Goldman Sachs.
Radian Group Inc. (NYSE: RDN) was started with a Buy rating and assigned an $18 price objective (versus a $13.74 close) at Merrill Lynch.
TeleNav Inc. (NASDAQ: TNAV) was started as Outperform with a $15 price target (versus a $5.72 close) at FBR Capital Markets.
Time Warner Inc. (NYSE: TWX) was downgraded to Neutral from Outperform at Wedbush, noting that the TV-centric thesis looks more like it is in the seventh inning than the second.
Viacom Inc. (NASDAQ: VIAB) was raised to Outperform from Neutral at Wedbush and the price target was raised to $46 (versus a $36.00 prior closing price).
Waddell & Reed Financial Inc. (NYSE: WDR) was downgraded to Sell from Neutral at Citigroup.
Walgreens Boots Alliance Inc. (NASDAQ: WBA) was raised to Buy from Hold and the price target in the new coverage went to $95 from $87 (versus a $78.31 close) at Jefferies.
24/7 Wall St. featured five blue chip stocks with solid dividends that analysts want you to buy now.
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Friday’s top analyst upgrades and downgrades were in Domino’s Pizza, Level 3 Communications, Noble Energy, Royal Dutch Shell, United Rentals and over a dozen more.