Analyst calls: Wendy's upgraded
AB InBev is downgraded to 'reduce,' and Nektar is initiated with an 'outperform.'
Thursday's noteworthy upgrades include:
- Allstate (ALL) upgraded to Outperform from Market Perform at Wells Fargo
- AngloGold (AU) upgraded to Neutral from Underweight at JPMorga
- Cash America (CSH) upgraded to Outperform from Market Perform at JMP Securities
- Encana (ECA) upgraded to Outperform from Sector Perform at RBC Capital
- First Horizon (FHN) upgraded to Buy from Neutral at Compass Point
- J.M. Smucker (SJM) upgraded to Buy from Neutral at Northcoast
- Polycom (PLCM) upgraded to Outperform from Market Perform at Raymond James
- SunTrust (STI) upgraded to Buy from Neutral at Compass Point
- Walgreens (WAG) upgraded to Conviction Buy from Buy at Goldman
- Wendy's (WEN) upgraded to Buy from Hold at Argus
- Zynga (ZNGA) upgraded to Equal Weight from Underweight at Evercore
- Netflix (NFLX) downgraded to Equal Weight from Overweight at Morgan Stanley
- AB InBev (BUD) downgraded to Reduce from Neutral at Nomura
- Cliffs Natural (CLF) downgraded to Market Perform from Outperform at FBR Capital
- Ericsson (ERIC) downgraded to Buy from Conviction Buy at Goldman
- Halliburton (HAL) downgraded to Neutral from Outperform at Macquarie
- Symantec (SYMC) downgraded to Equal Weight from Overweight at Morgan Stanley
- Travelers (TRV) downgraded to Market Perform from Outperform at Wells Fargo
- ASML (ASML) reinstated with a Conviction Buy at Goldman
- American Water (AWK) initiated with a Buy at Ladenburg
- Calumet Specialty Products (CLMT) initiated with a Neutral at JPMorgan
- Expedia (EXPE) initiated with a Neutral at Janney Capital
- Nektar (NKTR) initiated with an Outperform at Cowen
- Northern Tier (NTI) initiated with a Neutral at JPMorgan
- RockTenn (RKT) initiated with an Outperform at Wells Fargo
- priceline.com (PCLN) initiated with a Neutral at Janney Capital
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The offering could become the second-biggest this year if underwriters exercise an option to buy more shares.
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