Analyst calls: Groupon downgraded to 'underweight'
Urban Outfitters is upgraded at 2 firms, and Seattle Genetics is initiated with a 'hold.'
Tuesday's noteworthy upgrades include:
- Credicorp (BAP) upgraded to Overweight from Neutral at JPMorgan
- Urban Outfitters (URBN) upgraded to Hold from Sell at Brean Murray, and to Outperform from Market Perform at William Blair
- Gap (GPS) upgraded to Buy from Hold at Argus
- Netflix (NFLX) upgraded to Above Average from Average at Caris
- ABB (ABB) downgraded to Sell from Hold at Deutsche Bank
- Groupon (GRPN) downgraded to Underweight from Equal Weight at Barclays
- Repsol (REPYY) downgraded to Neutral from Buy at UBS
- TAL International (TAL) downgraded to Neutral from Buy at Nomura
- Warner Chilcott (WCRX) downgraded to Underweight from Equal Weight at Morgan Stanley
- BroadSoft (BSFT) initiated with an Underperform at Raymond James
- Corning (GLW) coverage resumed with a Buy at Stifel Nicolaus
- GNC Holdings (GNC) initiated with an Overweight at Barclays
- National Retail Properties (NNN) initiated with a Neutral at RW Baird
- Seattle Genetics (SGEN) initiated with a Hold at Cantor
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A light news day combined with heavy technicals weighed on the market.
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