Analyst calls: Pandora upgraded
Barrick Gold is downgraded to 'neutral,' while Google and Starbucks are initiated with a 'buy.'
Wednesday's noteworthy upgrades include:
- ARM Holdings (ARMH) upgraded to Overweight from Neutral at Piper Jaffray
- Adobe (ADBE) upgraded to Buy from Hold at Jefferies
- Banco Bilbao (BBVA) upgraded to Neutral from Sell at Citigroup
- Banco Santander (SAN) upgraded to Neutral from Sell at Citigroup
- Pandora (P) upgraded to Outperform from Neutral at Cowen
- Rackspace (RAX) upgraded to Outperform from Market Perform at Wells Fargo
- MGM Resorts (MGM) upgraded to Buy from Neutral at Nomura
- M&T Bank (MTB) upgraded to Outperform from Neutral at Macquarie
- Buffalo Wild Wings (BWLD) upgraded to Overweight from Equal Weight at Morgan Stanley
- Barrick Gold (ABX) downgraded to Neutral from Outperform at Credit Suisse
- Mosaic (MOS) downgraded to Neutral from Buy at Citigroup
- Advance Auto Parts (AAP) downgraded to Underweight at Morgan Stanley
- Silver Wheaton (SLW) downgraded to Neutral from Outperform at Credit Suisse
- Brinker (EAT) downgraded to Equal Weight from Overweight at Morgan Stanley
- Air Products (APD) initiated with a Buy at SunTrust
- Google (GOOG) initiated with a Buy at Janney Capital
- PulteGroup (PHM) initiated with a Neutral at BofA/Merrill
- Chipotle (CMG) initiated with a Buy at Sterne Agee
- McDermott (MDR) coverage resumed with a Neutral at Goldman
- Starbucks (SBUX) initiated with a Buy at Davenport
- Krispy Kreme (KKD) initiated with a Buy at Davenport
- DISH (DISH) coverage resumed with a Neutral at JPMorgan
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Stocks drift lower and bonds are hit as investors await the Fed. Prepare for higher volatility this week.
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