Top Wall Street Analysts Rating Changes/Initiations: BlackBerry, Macy's, LinkedIn, and More!

BlackBerry Ltd BBRY was upgraded by Morgan Stanley’s James Faucette from an Underweight rating up to an Equal Weight rating. James maintained a price target of $7 for the struggling mobile communications provider. Faucette elaborated that the company has “flexibility with cash” that sparks an opportunity for spending cuts that “create value.” The analyst, however, concluded that the upgrade was not due to an improving business environment and that there is “no evidence of a turnaround,” at least not yet. The stock was trading higher by 3 percent in the pre-market session.

LinkedIn Corp LNKD, an internet-professional network, was initiated by MKM Partners early Tuesday; Analyst Rob Sanderson initiated coverage on the stock with a Buy rating alongside a price target of $285. Sanderson believes that the company would be more valuable moving forward and that the talend and marketing solutions alone justify the stock. The stock was up 1.5 percent in pre-market sessions.

Macy’s Inc M, the omnichannel retailer, was downgraded from a Buy rating down to Sell at Gilford Securities. The stock is down nearly half a percentage in Tuesday’s pre-market session.

Koninklijke Philips NV PHG, a technology company associated with the healthcare, consumer lifestyle, and lighting industry, was upgraded by both Barclays Capital and Societe Generale; Barclays upgraded the stock from Underweight rating to an Equal Weight rating while Societe Generale upgraded PHG from Hold to Buy rating. The stock was up 1.77 percent in the pre-market session.

Paypal Holdings Inc PYPL, a mobile payments giant, was initiated by Jefferies Group; analyst Jason Kupferberg rated the stock with a Buy rating and a price target of $44, a ~20 percent premium of where the stock stood on Monday’s close. Jason praised Paypal’s high growth, large market capitalization, secular tailwinds, and its global brand reasons for the Buy rating. The stock was up 1.37 percent in pre-market sessions.

Univar Inc UNVR, a global chemical distributor/provider, was initiated by three research firms early Tuesday; SunTrust Bank announced a price target of $27 with a Neutral rating, Goldman Sachs reported a price target of $32 with a Buy rating, and William Blair & Company specified a Market Perform rating for the stock.

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Posted In: Analyst ColorNewsUpgradesDowngradesPrice TargetInitiationAnalyst Ratings
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