Analyst calls: Hewlett-Packard downgraded
Skechers is upgraded to 'positive,' and Yum Brands is initiated with an 'outperform.'
Wednesday's noteworthy upgrades include:
- Inergy, L.P. (NRGY) upgraded to Outperform from Neutral at RW Baird
- Skechers (SKX) upgraded to Positive from Neutral at Susquehanna
- America Movil (AMX) downgraded to Neutral from Buy at Citigroup
- Hewlett-Packard (HPQ) downgraded to Sector Perform from Outperform at RBC Capital, and to Underperform from Neutral at Mizuho
- Hormel Foods (HRL) downgraded to Underperform from Outperform at CLSA
- St. Jude Medical (STJ) downgraded to Market Perform from Outperform at Wells Fargo
- Energy XXI (EXXI) initiated with a Buy at Ladenburg
- Biogen (BIIB) initiated with a Buy at Brean Capital
- Celgene (CELG) initiated with a Buy at Brean Capital
- LINN Energy (LINE) initiated with a Neutral at Goldman, and with an Outperform at RW Baird
- Pioneer Natural (PXD) initiated with a Buy at Citigroup
- Threshold Pharmaceuticals (THLD) initiated with a Buy at Brean Capital
- Yum Brands (YUM) initiated with an Outperform at Macquarie
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The apparel chain takes a hard hit after blaming the weather for its quarterly sales decline. But cold temperatures don't explain the drop in full-year sales as well.
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