Advanced Micro Devices Inc. (NYSE: AMD) was started with a Buy rating and a new $5 price target at Ascendiant Capital. It was also maintained as Neutral with a $4 price target at Sterne Agee after its discussions with the head of AMD’s Server Business unit. As a reminder, AMD was one of our nine stocks that could double in 2014, and that remains the case now.
Apple Inc. (NASDAQ: AAPL) was raised to Outperform from Sector Perform at Pacific Crest, with a $635 price target. The call is based on sufficient support from cash generation and the belief that the iPhone 6 could renew growth.
CDW Corp. (NASDAQ: CDW) was maintained as Buy but was added to the prized Conviction Buy List at Goldman Sachs, and the price target was raised to $32 from $29 (versus a $25.68 close).
Facebook Inc. (NASDAQ: FB) was reiterated as Buy and the price target was raised to $85 from $70 at Citigroup, with the consensus target being closer to $72.
J.C. Penney Co. Inc. (NYSE: JCP) was raised to Buy from Neutral at Citigroup, and the price target was raised to $11 from $7.50 in the call (versus a $8.42 closing price). Shares are indicated up 5% on the news. How many upgrades does this dog get, and to a Buy rating to boot?
Other Key Analyst Calls
Bank of Ireland (NYSE: IRE) was raised to Buy from Neutral at Bank of America Merrill Lynch as a classic recovery story, and the price target is $21.62, after converting from euros, versus a $19.10 close.
GW Pharmaceuticals PLC (NASDAQ: GWPH) was started with a Buy rating by Merrill Lynch, with a price target of $93 (versus a $77.28 close).
Intel Corp. (NASDAQ: INTC) was started with a Sell rating and a new $20 price target at Ascendiant Capital.
InterMune Inc. (NASDAQ: ITMN) was raised to Buy from Neutral at Goldman Sachs, and the price target was raised to $45 from $40.
Macy’s Inc. (NYSE: M) was raised to Outperform from Market Perform with a $68 target at Wells Fargo.
Northern Trust Corp. (NASDAQ: NTRS) was downgraded to Sell from an already cautious Neutral by UBS.
State Street Corp. (NYSE: STT) was downgraded to Neutral from Buy at UBS.
Unisys Corp. (NYSE: UIS) was downgraded to Market Perform from Outperform at Raymond James.
Vipshop Holdings Ltd. (NYSE: VIPS) was downgraded to Neutral from Buy at Goldman Sachs.
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