Citigroup (C) , Bank of America (BAC), Morgan Stanley (MS), JP Morgan (JPM), Taiwan Semiconductor (TSM), Monster Beverage (MNST) and Staples (SPLS) were upgraded or downgraded by analysts.
Bank of America (BAC) downgraded to Neutral from Buy at Goldman.Goldman downgraded Bank of America given higher execution risk and valuation, and cited relative returns vs. Citigroup (C), which was upgraded to Buy from Neutral. Bank of America price target remains $8.
Morgan Stanley (MS) upgraded to Conviction Buy from Neutral at Goldman.Goldman upgraded Morgan Stanley based on valuation, focus on addressing legacy issues, margin improvement from the MSSB integration, and compensation flexibility. Price target raised to $23 from $20.
JP Morgan (JPM) downgraded to Buy from Conviction Buy at Goldman.Goldman removed JP Morgan from its Conviction Buy List citing relative outperformance. Price target raised to $42 from $41.
Taiwan Semiconductor (TSM) downgraded to Market Perform from Outperform at Bernstein.Bernstein downgraded Taiwan Semiconductor given valuation.
Monster Beverage (MNST) downgraded to Neutral from Buy at SunTrust.SunTrust downgraded Monster Beverage citing recent share strength.
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