TiVo (TIVO), Foster Wheeler (FWLT), Jazz Pharmaceuticals (JAZZ), AIG (AIG), Cummins (CMI) and M.D.C. Holdings (MDC) were upgraded or downgraded by analysts.
Foster Wheeler (FWLT) initiated with an Overweight at JPMorgan.Target $28.50.
Jazz Pharmaceuticals (JAZZ) initiated with a Buy at Citigroup.Target $60.
AIG (AIG) upgraded to Outperform from Market Perform at Wells Fargo.Wells Fargo upgraded AIG on expectations the U.S. government will exit its stake in the company over the next year, providing a boost to shares. The firm raised its price target range for AIG shares to $40-$45 from $27-$30.
Cummins (CMI) initiated with a Neutral at Piper Jaffray.Target $129.
M.D.C. Holdings (MDC) upgraded to Neutral from Underweight at JPMorgan.JPMorgan upgraded M.D.C Holdings following the delay of the FHA's new rule that was effective April 1 regarding initially disqualifying borrowers with $1000 or more of outstanding collections. The analyst expects the rules negative impact to be mitigated, removing a negative catalyst. Price target raised to $22 from $20.
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