Notable Analysts’ Recommendations
Some notable analyst updates today included BB&T raising its rating for Boeing to hold from underweight, citing that increasing production on high margin, high cash flow 737/777 platforms offers sufficient offset to the margin-challenged 787.
Nomura raised the target price for CBS Corp to $48.50 from $45, saying despite concerns on some key drivers like primetime ratings and syndication content pipeline, the company’s stock continues to perform strongly.
Citigroup raised target price for Costco Wholesale to $113 from $100 following the company’s solid performance in the second quarter.
Jefferies raised its rating for Diamond Foods to hold from underperform and ups target to $15 from $11, says even though the company continues to face revenue losses it reduced costs to enhance margins.
Lastly, Credit Suisse cut its rating for Tesoro Logistics to neutral from outperform, saying the company’s top-tier distribution growth prospects are fairly reflected in units at current prices.