Friday, April 8, 2016

Analysts' Actions: Stock Upgrades & Downgrades -- Barrick Gold, Apache, Baker Hughes, LinkedIn and More

RATINGS CHANGES

Barrick Gold (ABX - Get Report) was upgraded to outperform from neutral at Credit Suisse. $17 price target. The company is leveraged to a higher gold price, Credit Suisse said. 
Image result for stock upgrades and downgradesApache (APA - Get Report) was upgraded to outperform from market perform at Wells Fargo. Recent meetings with new management suggests the company can leverage its strong balance sheet and turn the business around, Wells said. 
Baker Hughes (BHI - Get Report) was downgraded to underperform at Jefferies. $34 price target. As a standalone company, it will likely struggle to compete on a global basis, Jefferies said. 
Dolby Labs (DLB - Get Report) was downgraded to neutral from overweight at JPMorgan. $42 price target. The valuation isn't as attractive with shares up 41% since January, JPMorgan said. 
First Financial (FFIN - Get Report) was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: FFIN.
LinkedIn (LNKD) was downgraded to neutral at MKM Partners. $130 price target. Growth in job listings appears to be slowing, MKM said. 
Maxim Integrated Products (MXIM) was upgraded to outperform from sector perform at RBC Capital. $42 price target. The company can leverage its Analog business to maximize free-cash flow, RBC said. 
Sony (SNE) was upgraded to buy at TheStreet Ratings. You can view the full analysis 
from the report here: SNE.
Synchrony (SYF) was downgraded to neutral from buy at Bank of America/Merrill Lynch. The valuation isn't as attractive, based on a $28 price target, analysts said. 
WestRock (WRK) was downgraded to market perform from outperform at Wells Fargo. Analysts are cautious about container-board pricing, Wells said.

By TheStreet Staff


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