Analyst calls: Lowe's, Lululemon upgraded
Guess is downgraded to 'neutral,' and Barnes & Noble is initiated with a 'buy.'
- Lowe's (LOW) upgraded to Buy from Neutral at Goldman
- Allstate (ALL) upgraded to Buy from Hold at Deutsche Bank
- Sun Life Financial (SLF) upgraded to Equal Weight from Underweight at Morgan Stanley
- Analog Devices (ADI) upgraded to Buy from Neutral at Sterne Agee
- Lululemon (LULU) upgraded to Overweight from Equal Weight at Barclays
- Western Digital (WDC) upgraded to Buy from Hold at ThinkEquity
Friday's noteworthy downgrades include:
- Guess (GES) downgraded to Neutral from Buy at Citigroup
- PPG Industries (PPG) downgraded to Neutral from Buy at Goldman
- Franklin Resources (BEN) downgraded to Neutral from Buy at Ticonderoga
- Ameren (AEE) downgraded to Underperform from Neutral at BofA/Merrill
Friday's noteworthy initiations include:
- Infosys (INFY) initiated with a Hold at Jefferies
- American Tower (AMT) initiated with an Outperform at Macquarie
- Urban Outfitters (URBN) initiated with a Market Perform at Wells Fargo
- Barnes & Noble (BKS) initiated with a Buy at Maxim
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Why are stronger numbers considered bad news? Investors are worried about the impact on inflation and interest rates.
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