Alpha Natural (ANR), Medtronic (MDT), American Axle (AXL), UPS (UPS) , FedEx (FDX), Intercontinental Exchange (ICE), Philip Morris (PM),Tesla Motors (TSLA), Intel (INTC), Linear Technology (LLTC) and Applied Materials (AMAT) were upgraded or downgraded by analysts.
Alpha Natural (ANR) downgraded to Hold from Buy at Deutsche Bank.Deutsche Bank downgraded Alpha Natural citing earnings risk and concerns over uncommitted volumes. The firm lowered its price target for shares to $27 from $45.
Medtronic (MDT) upgraded to Outperform from Market Perform at Wells Fargo.Wells Fargo upgraded Medtronic citing ICD market share gains from the company's recent launched Cardiac Rhythm Disease Management products. The firm raised its target range for shares to $44-$45 from $36-$37.
American Axle (AXL) downgraded to Underperform from Hold at Jefferies.Jefferies downgraded American Axle citing valuation and lowered its price target for shares to $9 from $10.
UPS (UPS) downgraded to Hold from Buy at Jefferies.Jefferies downgraded UPS citing valuation and lowered its price target for shares to $81 from $85.
FedEx (FDX) downgraded to Hold from Buy at Jefferies.Jefferies downgraded FedEx citing valuation and lowered its price target for shares to $99 from $113.
Intercontinental Exchange (ICE) downgraded to Neutral from Buy at Goldman.Goldman downgraded Intercontinental Exchange based on exposure to volume driven revenues. Price target is $125.
Philip Morris (PM) downgraded to Neutral from Buy at Goldman.Goldman downgraded Philip Morris based on valuation and lack of near-term catalysts. Price target is $80.
Tesla Motors (TSLA) upgraded to Buy from Neutral at Goldman.Goldman upgraded Tesla based on valuation. Price target is $35.
Intel (INTC) downgraded to Neutral from Overweight at JP Morgan.JP Morgan downgraded Intel citing concerns that margins are peaking and keeps a $25 price target for shares.
Linear Technology (LLTC) downgraded to Underweight from Neutral at JP Morgan.JP Morgan downgraded Linear Technology with a $30 price target ahead of the company's Q4 results.
Applied Materials (AMAT) upgraded to Outperform from Sector Perform at RBC Capital.RBC Capital upgraded Applied Materials based on a reversion in WFE mix, a bottom in flat panel and solar revenue, potential cost reductions, and incremental upside from the Varian acquisition. Price target raised to $15 from $12.
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