Amazon.com Inc. (NASDAQ: AMZN) has finally seen one more analyst say enough is enough on the valuation and no profits. UBS downgraded the online retailer of everything to Neutral from Buy, and the $450 prior target price was lowered to $375 in the call.
Control4 Corp. (NASDAQ: CTRL) was reiterated as Buy and the price target was raised to $25 from $23 at Canaccord Genuity after earnings. This was one of our own recent picks of nine stocks that could double in 2014.
Ocwen Financial Corp. (NYSE: OCN) was hit hard on Tuesday after a new suit against the company. Sterne Agee said that the company is now being attacked for doing too good a job on modifying loans. After the stock closed at 438.07, the firm reiterated its Buy rating and $65 price target.
Sprint Corp. (NYSE: S) was raised to Buy from Hold and the price target was raised to $9.25 at Deutsche Bank. J.P. Morgan also raised its price target to $8 from $7, and Canaccord Genuity raised its price target to $7.50. This is a day after earnings, and a day after sending customers price hikes for its Clearwire 4G wireless Internet service.
Veeco Instruments Inc. (NASDAQ: VECO) was raised to outperform from Neutral at Credit Suisse. The price target of $30 was raised to $50 (versus a $38.60 close). The firm said that the business is approaching a trough, and it also sees an improved outlook for orders due to higher margins and yields for LED manufacturers.
Other Key Analyst Calls
Aon PLC (NYSE: AON) was started as Buy with a $94 price target (versus a $83.18 close) at Citigroup.
AXIS Capital Holdings Ltd. (NYSE: AXS) was started as Sell with a $38 price target (versus a $43.39 close) at Citigroup.
Chubb Corp. (NYSE: CB) was started as Sell with a $76 price target (versus a $85.65 close) at Citigroup.
Clean Energy Fuels Corp. (NASDAQ: CLNE) was downgraded to Underperform from an already cautious Neutral rating at Macquarie.
Dean Foods Co. (NYSE: DF) fell more than 7% after earnings on Tuesday, and Wednesday brought a downgrade to Hold from Buy at Stifel Nicolaus.
Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) was downgraded to Neutral from Buy at Longbow Research.
Jive Software Inc. (NASDAQ: JIVE) was downgraded to Equal Weight from Overweight at Morgan Stanley.
Mallinckrodt PLC (NYSE: MNK) was downgraded to Equal Weight from Overweight at Morgan Stanley.
Regeneron Pharmaceuticals Inc. (NASDAQ: REGN) was started as Buy with a $387 price target at Bank of America Merrill Lynch.
SeaDrill Ltd. (NYSE: SDRL) was downgraded to Underperform from Market Perform at Wells Fargo, and the price range was lowered from $40 to $42 to $30 to $33 in the call.
Senior Housing Properties Trust (NYSE: SNH) was downgraded from an already cautious Neutral rating to Sell with a price target of $19.00 at UBS.
TripAdvisor Inc. (NASDAQ: TRIP) was raised to Outperform at RBC Capital Markets, and the price target of $68 was raised to $95 in the call.
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