Analyst calls: BlackBerry downgraded
Adobe is upgraded to 'buy,' and Coca-Cola is initiated with an 'outperform.'
Wednesday's noteworthy upgrades include:
- Adobe (ADBE) upgraded to Buy from Neutral at BofA/Merrill
- Ball Corp. (BLL) upgraded to Outperform from Neutral at RW Baird
- CEMEX (CX) upgraded to Overweight from Equal Weight at Barclays
- Sonic (SONC) upgraded to Equal Weight from Underweight at Morgan Stanley
- LINN Energy (LINE) upgraded to Outperform from Sector Perform at Howard Weil
- Toll Brothers (TOL) upgraded to Buy from Hold at Argus
- American Eagle (AEO) downgraded to Neutral from Buy at Citigroup
- Arthur J. Gallagher (AJG) downgraded to Market Perform at William Blair
- BlackBerry (BBRY) downgraded to Underperform from Market Perform at Bernstein
- Cliffs Natural (CLF) downgraded to Underperform from Neutral at BofA/Merrill
- Novo Nordisk (NVO) downgraded to Underperform from Neutral at Exane BNP Paribas
- Sprint (S) downgraded to Neutral from Outperform at Macquarie
- SodaStream (SODA) downgraded to Market Perform from Outperform at William Blair
- Peabody Energy (BTU) downgraded to Accumulate from Buy at Tudor Pickering
- News Corp. (NWSA) downgraded to Neutral from Buy at BTIG
- Coca-Cola (KO) initiated with an Outperform at Credit Suisse
- Dr Pepper Snapple (DPS) initiated with a Neutral at Credit Suisse
- PepsiCo (PEP) initiated with a Neutral at Credit Suisse
- Teva (TEVA) initiated with a Buy at Maxim
- Ubiquiti Networks (UBNT) initiated with an Outperform at JMP Securities
- Visa (V) initiated with an Overweight at Morgan Stanley
- MasterCard (MA) initiated with an Overweight at Morgan Stanley
- Western Union (WU) initiated with an Equal Weight at Morgan Stanley
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Bill Stiritz has experienced an estimated $145 million in paper losses on his investment in the company.
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