Analyst calls: Zynga upgraded
Johnson & Johnson is upgraded at 3 firms, and McDonald's is downgraded to 'neutral' at Goldman.
Wednesday's noteworthy upgrades include:
- Hershey (HSY) upgraded to Conviction Buy from Buy at Goldman
- Johnson & Johnson (JNJ) upgraded to Overweight from Neutral at JPMorgan, and to Buy from Hold at Jefferies, and to Outperform from Market Perform at Raymond James
- Shire (SHPGY) upgraded to Outperform from Market Perform at Leerink
- UBS (UBS) upgraded to Outperform from Neutral at Credit Suisse
- Zynga (ZNGA) upgraded to Equal Weight from Underweight at Evercore
- Capstead Mortgage (CMO) downgraded to Sector Perform from Outperform at RBC Capital
- Chesapeake (CHK) downgraded to Market Perform from Outperform at Bernstein
- Deutsche Bank (DB) downgraded to Neutral from Outperform at Credit Suisse
- McDonald's (MCD) downgraded to Neutral from Buy at Goldman
- Sherwin-Williams (SHW) downgraded to Neutral from Buy at Buckingham
- Cigna (CI) initiated with an Overweight at JPMorgan
- LogMeln (LOGM) initiated with an Outperform at Oppenheimer
- Molina Healthcare (MOH) initiated with a Neutral at JPMorgan
- PetSmart (PETM) initiated with an Overweight at Morgan Stanley
- Pier 1 Imports (PIR) initiated with a Buy at Jefferies
- UnitedHealth (UNH) initiated with an Overweight at JPMorgan
- Web.com (WWWW) initiated with an Outperform at Wells Fargo
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All hail the bull market, which ended the week with a big rally. But it also is starting to look a little like 1987, which suffered an epic blow-out.
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