Twitter Inc. (NYSE: TWTR) was started as Sell with a $34 valuation at Wunderlich Securities. We just offered up a full Twitter analyst montage over the weekend, and this is just one more negative valuation call.
Microsoft Corp. (NASDAQ: MSFT) was downgraded to Underperform from an already cautious Neutral rating at Bank of America Merrill Lynch, but the firm is maintaining its $36 price target after a $37.84 closing price. Monday’s downgrade is based on a CEO transition risk, noting that an outsider like Mulally might bring a 10% premium but that internal candidates could bring 10% downside.
Activision Blizzard Inc. (NASDAQ: ATVI) was reiterated as Buy with a $22 price target at Argus, but the firm said that it is raising earnings estimates, and it said that the stock deserves to trade at a premium against peers, even though it currently trades at a discount to peers.
Halcon Resources Corp. (NYSE: HK) was downgraded to Sell from an already cautious Neutral rating and the price target was cut to $4.50 from $6.00 (versus a $4.74 close) at Goldman Sachs. This stock is down close to 52-week lows, and it continues to disappoint based on management’s strong history.
Other analyst calls are as follows:
Alpha Natural Resources Inc. (NYSE: ANR) was downgraded to Sell from Neutral by Citigroup.
Applied Materials Inc. (NASDAQ: AMAT) was reiterated as Buy with a $22 price target (versus a $17.52 close) at Argus.
Baxter International Inc. (NYSE: BAX) upgraded to Outperform from Neutral and the price target was raised to $80 from $73 at Credit Suisse.
CONSOL Energy Inc. (NYSE: CNX) was downgraded to Neutral from Buy at Citigroup.
Goldcorp Inc. (NYSE: GG) was raised to Buy from Neutral at Citigroup.
NVIDIA Corp. (NASDAQ: NVDA) was downgraded to Underweight from Equal Weight at Morgan Stanley.
Nucor Corp. (NYSE: NUE) was downgraded to Neutral from Buy at Citigroup.
Renewable Energy Group Inc. (NASDAQ: REGI) was downgraded to Hold from Buy with a $14 price target at Canaccord Genuity.
SUPERVALU Inc. (NYSE: SVU) was downgraded to Sell from an already cautious Neutral rating and the price target was cut to $6 from $8 (versus a $6.88 close) at Goldman Sachs.
3D Systems Corp. (NYSE: DDD) was reiterated as Buy and the price target was raised to $90 from $69 at Bank of America Merrill Lynch.
Vitamin Shoppe Inc. (NYSE: VSI) was added to the prized Conviction Buy List at Goldman Sachs.
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