Analyst calls: Groupon initiated at several banks
Avon is upgraded after its CEO is ousted, while Best Buy is both upgraded and downgraded.
Wednesday's noteworthy upgrades include:
- Avon Products (AVP) upgraded to Outperform from Market Perform at BMO Capital
- Vertex Pharma (VRTX) upgraded to Outperform from Underperform at Credit Suisse
- SunTrust (STI) upgraded to Outperform from Market Perform at Bernstein
- Energy Transfer Partners (ETP) upgraded to Buy from Neutral at UBS
- Energy Transfer Equity (ETE) upgraded to Buy from Neutral at UBS
- Best Buy (BBY) upgraded to Buy from Above Average at Caris
- Digital Realty (DLR) downgraded to Neutral from Buy at Goldman
- Fifth Third Bancorp (FITB) downgraded to Market Perform from Outperform at Bernstein
- Altria Group (MO) downgraded to Hold from Buy at Stifel Nicolaus
- Best Buy (BBY) downgraded to Sector Perform from Top Pick at RBC Capital
- Kohl's (KSS) downgraded to Hold from Buy at Deutsche Bank
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Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
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