Analyst calls: Amazon.com downgraded
EBay is upgraded to 'overweight,' and homebuilders are initiated at Sterne Agee.
Thursday's noteworthy upgrades include:
- Johnson Controls (JCI) upgraded to Buy from Outperform at CLSA
- VMware (VMW) upgraded to Outperform from Sector Perform at RBC Capital
- ArcelorMittal (MT) upgraded to Buy from Neutral at Citigroup
- Eaton (ETN) upgraded to Buy from Neutral at Buckingham
- Apple (AAPL) upgraded to Buy from Neutral at BTIG
- Avon Products (AVP) upgraded to Buy from Hold at Stifel Nicolaus
- EBay (EBAY) upgraded to Overweight from Equal Weight at Evercore
- Coca-Cola (KO) upgraded to Outperform from Underperform at CLSA
- Amazon.com (AMZN) downgraded to Neutral from Overweight at JPMorgan
- E-Trade (ETFC) downgraded to Underperform from Market Perform at Keefe Bruyette
- Eaton (ETN) downgraded to Equal Weight from Overweight at Barclays
- Hot Topic (HOTT) downgraded to Neutral from Overweight at Piper Jaffray
- Gildan Activewear (GIL) downgraded to Neutral from Buy at DA Davidson
- Beazer Homes (BZH) initiated with a Buy at Sterne Agee
- D.R. Horton (DHI) initiated with a Buy at Sterne Agee
- KB Home (KBH) initiated with a Neutral at Sterne Agee
- Lennar (LEN) initiated with a Neutral at Sterne Agee
- Meritage Homes (MTH) initiated with a Buy at Sterne Agee
- PulteGroup (PHM) initiated with a Buy at Sterne Agee
- Ryland Group (RYL) initiated with a Buy at Sterne Agee
- Toll Brothers (TOL) initiated with an Underperform at Sterne Agee
- Thoratec (THOR) initiated with a Market Perform at William Blair
- Wells Fargo (WFC) initiated with a Market Perform at BMO Capital
- SanDisk (SNDK) initiated with an Outperform at Macquarie
- J.C. Penney (JCP) initiated with a Buy at BTIG
- Urban Outfitters (URBN) initiated with a Buy at Ascendiant Capital
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The expected $3.36 billion offering from Citizens Financial Group won't come close to Alibaba's, but it will be an important one for the market.
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