Analyst calls: Goldman, Intel downgraded
Traveleres and JC Penney are upgraded to 'outperform,' while Kohl's and Nordstrom are cut to 'hold.'
Friday's noteworthy upgrades include:
- Travelers (TRV) upgraded to Outperform from Market Perform at Wells Fargo
- TD Ameritrade (AMTD) upgraded to Buy from Hold at Deutsche Bank
- Cerner (CERN) upgraded to Buy from Hold at Deutsche Bank
- SanDisk (SNDK) upgraded to Buy from Neutral at Sterne Agee
- J.C. Penney (JCP) upgraded to Outperform from Neutral at Macquarie
- SunTrust (STI) upgraded to Outperform from Neutral at Macquarie and to Outperform from Perform at Oppenheimer
- Goldman Sachs (GS) downgraded to Market Perform from Outperform at Wells Fargo
- Intel (INTC) downgraded to Neutral from Buy at Sterne Agee
- Children's Place (PLCE) downgraded to Neutral from Buy at Goldman
- Charles Schwab (SCHW) downgraded to Hold from Buy at Deutsche Bank
- Legg Mason (LM) downgraded to Hold from Buy at Deutsche Bank
- Nordstrom (JWN) downgraded to Neutral from Outperform at Macquarie
- PNC Financial (PNC) downgraded to Perform from Outperform at Oppenheimer
- Illinois Tool Works (ITW) downgraded to Neutral from Outperform at Credit Suisse
- Kohl's (KSS) downgraded to Hold from Buy at Argus and to Neutral from Buy at BofA/Merrill
- Zynga (ZNGA) initiated with a Neutral at Macquarie
- Corning (GLW) initiated with a Hold at KeyBanc
- FedEx (FDX) initiated with an Outperform at Wells Fargo
- UPS (UPS) initiated with a Market Perform at Wells Fargo
- Bunge (BG) initiated with a Neutral at Piper Jaffray
- Marvell Technology (MRVL) initiated with a Buy at Mizuho
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The solid report comes a month after the retailer closed all of its Canadian operations.
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