Cree is downgraded to 'neutral,' and Zale is initiated with an 'overweight.'
J.C. Penney is downgraded to 'sell,' and Red Robin is upgraded to 'buy.'
With the S&P 500 at record highs that is precisely the environment in which we find ourselves today.
Shares soared on Friday, following strong first quarter earnings results.
Bristol-Myers is downgraded to 'neutral,' and Gap is initiated with an 'underperform.'
JetBlue is upgraded to 'hold,' and Yelp is initiated with an 'equal weight.'
Halliburton is upgraded to 'outperform,' and Diamond Foods is downgraded to 'underperform.'
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