Stock Market Ratings Changes: A Comprehensive Analysis
Shares of well-known companies such as Dunkin Brands, Facebook, and Wal-Mart have recently undergone significant rating changes, with both upgrades and downgrades issued by prominent financial institutions. TheStreet reports that these changes reflect shifting market expectations and analysts' updates on company performance.
Key Takeaways:
- Dunkin Brands was downgraded from Buy to Hold by Argus, citing that the stock is near fair value.
- Dexcom was upgraded to Outperform by Leerink Partners, with a price target of $100, due to strong fundamentals despite recent sharp declines.
- Eaton was downgraded from Outperform to Neutral by Robert Baird, with a price target of $59, citing potential lower guidance.
- Facebook was upgraded from Hold to Buy by Argus, with a price target of $115, due to continued gains in mobile monetization.
- Mead Johnson was upgraded to Outperform by BMO Capital, with a price target of $89, citing price stabilization in China and better volumes in North America.
- Proto Labs was upgraded from Hold to Buy by Canaccord Genuity, with a price target of $75, citing strong fundamentals despite a recent sharp correction in the stock.
- Wal-Mart was downgraded from Outperform to Neutral by Credit Suisse and from Buy to Neutral by Bank of America/Merrill Lynch, both citing increased investment in future growth.
- Bank of America's numbers were increased by BMO Capital, citing growing regulatory capital and a new price target of $17.
- Garmin's estimates and target were cut by Citigroup, citing increased competition.
- HCA's estimates and target were cut by Jefferies, citing higher costs.
- Netflix's estimates were cut by Credit Suisse, citing lower subscribers and higher technology costs.
- Wells Fargo's numbers were cut by BMO Capital, citing lower earnings quality and less accretion from GE purchases.