Blackstone (BX), Applied Micro Circuits (AMCC), Jack in the Box (JACK), Wendy's (WEN), Antares (AIS), Vancelnfo (VT) and SoftStone (ISS) were upgraded or downgraded by analysts.
Applied Micro Circuits (AMCC) downgraded to Perform from Outperform at.Oppenheimer. Oppenheimer downgraded Applied Micro Circuits citing valuation and increased development costs associated with X-Gene.
Jack in the Box (JACK) initiated with a Buy at Lazard Capital.Target $28.
Citigroup (C) upgraded to Outperform from Market Perform at Wells Fargo.Wells Fargo upgraded Citigroup citing valuation, improved operating leverage and increased capital flexibility. The firm raised its target range for shares to $35-$37 from $28-$30.
Wendy's (WEN) downgraded to Neutral from Buy at Roth Capital.Following Wendy's Analyst Day presentation, Roth Capital downgraded shares citing the extended rollout of its breakfast program and its costly remodel effort, which should impact earnings near-term. Price target is $5.
Antares (AIS) upgraded to Buy from Neutral at Roth Capital.Roth Capital upgraded Antares citing its improved financial position, platform opportunities, and potential advancement of key products. Price target is $3.50.
SoftStone (ISS) initiated with a Buy at Roth Capital.Target $14.50.
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