Analyst calls: Starbucks upgraded to 'outperform'
Juniper and Wendy's are downgraded, while Transocean is upgraded.
Friday's noteworthy upgrades include:
- J.C. Penney (JCP) upgraded to Overweight from Neutral at Piper Jaffray
- U.S. Bancorp (USB) upgraded to Neutral from Underweight at Atlantic Equities
- Starbucks (SBUX) upgraded to Outperform from Underperform at CLSA
- Transocean (RIG) upgraded to Add from Neutral at Capital One
- J.C. Penney (JCP) downgraded to Underperform from Market Perform at BMO Capital
- Cliffs Natural (CLF) downgraded to Neutral from Outperform at Credit Suisse
- McDonald's (MCD) downgraded to Market Perform from Outperform at Bernstein
- American Electric (AEP) downgraded to Hold from Buy at Deutsche Bank
- Nucor (NUE) downgraded to Hold from Buy at Deutsche Bank
- Juniper (JNPR) downgraded to Market Perform from Outperform at Morgan Keegan
- Wendy's (WEN) downgraded to Neutral from Buy at UBS
- Morgan Stanley (MS) downgraded to Underweight from Neutral at Atlantic Equities
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The solid report comes a month after the retailer closed all of its Canadian operations.
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