Equity Brief: Ratings Changes for November 27th: FB, FINL, FL, FTI, GPC, GWR, H, HLSS
Topeka Capital raised its price target on shares of Facebook (NASDAQ: FB) to $36.00. They have a buy rating on the stock. They wrote, "With two of the biggest bearish concerns on Facebook's shares largely behind the company (ability to monetize mobile & lock-up expirations), we refocus on the options for Facebook, specifically e-commerce. After testing the Gifts service, we came away convinced that Facebook has a huge opportunity ahead as an e-commerce platform. We believe that the Gifts feature, when fully deployed, will resonate with Facebook's users, and retailers as well will gravitate to the platform as an additional distribution platform. Beyond that, we see the Gifts feature as the stepping-stone to a broader, formidable e-commerce platform on Facebook."
Goldman Sachs initiated coverage on shares of Finish Line (NASDAQ: FINL). They issued a neutral rating on the stock and set a $22.00 price target.
Goldman Sachs initiated coverage on shares of Foot Locker (NYSE: FL). They issued a buy rating on the stock and set a $39.00 price target.
Zacks reiterated its neutral rating on shares of FMC Tech (NYSE: FTI). They have a $44.00 price target on the stock. Zacks' analyst wrote, "We are maintaining our Neutral recommendation on FMC Technologies with a target price of $44. The company has a diversified product portfolio, specialty service capabilities and proprietary technological expertise. Other positives for FMC Technologies include a strong backlog position, growing international operations and a favorable outlook for subsea activity levels. However, we remain worried on valuation grounds. At current multiples - significantly higher than peers we have a difficult time justifying a sufficient enough potential return to support an Outperform rating. Moreover, with markets remaining competitive and pricing likely to be weak, we believe FTI shares are fairly valued and expect them to perform in line with the broader market. "
SunTrust upgraded shares of Genuine Parts Company (NYSE: GPC) from a neutral rating to a buy rating. SunTrust now has a $75.00 price target on the stock.
RBC Capital upgraded shares of Genesee & Wyoming Inc. (GWR) from a sector perform rating to an outperform rating. RBC Capital now has a $90.00 price target on the stock, up previously from $74.00.
Credit Agricole initiated coverage on shares of Hyatt Hotels (H). They issued a buy rating on the stock.
Compass Point initiated coverage on shares of Home Loan Servicing Solutions Ltd (HLSS). They issued a buy rating on the stock and set a $22.00 price target.
Macquarie downgraded shares of Honda Motor Co. Ltd. (HMC) from an outperform rating to a neutral rating.
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Source: Equity Brief via Thomson Reuters ONE