
These are this Monday’s top analyst upgrades, downgrades and initiations seen from Wall Street research calls.
Aramark Corp. (NYSE: ARMK) was raised to Top Pick from Outperform at RBC Capital Markets.
American Superconductor Corp. (NASDAQ: AMSC) was started as Outperform with a $1.25 price target (versus a $0.73 close) at Cowen.
Coach Inc. (NYSE: COH) was started as Neutral at Mizuho.
FedEx Corp. (NYSE: FDX) was reiterated as Buy and the price target was raised to $195 from $175 (versus a $174.22 close) at Argus.
Finish Line Inc. (NASDAQ: FINL) was downgraded to Hold from Buy and the price target was cut to $25 from $32 (versus a $23.35 close) at Canaccord Genuity.
Genworth Financial Inc. (NYSE: GNW) was started as Underweight at Bank of America Merrill Lynch, but this appears to be a credit call without discussing equity targets and the like.
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Hortonworks Inc. (NASDAQ: HDP) was started as Outperform with a $30 price target (versus a $23.34 close) at JMP Securities.
Macquarie Infrastructure Co. LLC (NYSE: MIC) was started as Overweight at J.P. Morgan.
Michael Kors Holdings Ltd. (NYSE: KORS) was started as Neutral at Mizuho.
Southwestern Energy Co. (NYSE: SWN) was started as Neutral at SunTrust Robinson Humphrey.
Starz (NASDAQ: STRZA) was started as Sector Perform at Pacific Crest.
STORE Capital Corp. (NYSE: STOR) was started as Neutral with a $22 price target (versus a $21.06 closing price) at Credit Suisse.
Time Warner Inc. (NYSE: TWX) was started as Outperform at Pacific Crest.
Twitter Inc. (NASDAQ: TWTR) was started as Buy (both near term and long term) with a $44 price target (versus a $37.08 close) at Argus.
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Here is a technical analysis tidbit from Carter Worth of Sterne Agee on what has happened in the past week or so of each year:
Going back to 1928, when the S&P 500 was formed, the average 5-day return for all 5-day periods is 14 bps (basis points), with a standard deviation of 264 bps. Taking only the last 5 days of the year, the average return is 119 bps, with a standard deviation of 187 bps. So there is not only a higher-than-average return during the last 5 days, but there is less variability around the average.