Analyst calls: Merck, Oracle, Costco downgraded
Travelers is upgraded to 'conviction buy' at Goldman, while Akamai is downgraded to 'sell' at Citigroup.
Monday's noteworthy upgrades include:
- Broadcom (BRCM) upgraded to Buy from Hold at Deutsche Bank
- Comcast (CMCSA) upgraded to Outperform from Neutral at Macquarie
- Hartford Financial (HIG) upgraded to Buy from Neutral at Goldman
- MetLife (MET) upgraded to Buy from Neutral at Goldman
- Travelers (TRV) upgraded to Conviction Buy from Buy at Goldman
- Akamai (AKAM) upgraded to Hold from Underperform at Jefferies
- J.C. Penney (JCP) upgraded to Hold from Sell at Deutsche Bank
- Akamai (AKAM) downgraded to Sell from Neutral at Citigroup
- Merck (MRK) downgraded to Hold from Buy at Jefferies
- XL Group (XL) downgraded to Neutral from Buy at Goldman
- Unum Group (UNM) downgraded to Neutral from Buy at Goldman
- Principal Financial (PFG) downgraded to Neutral from Buy at Goldman
- BlackRock (BLK) downgraded to Buy from Conviction Buy at Goldman
- Sunoco (SUN) downgraded to Neutral from Outperform at Macquarie
- Abercrombie & Fitch (ANF) downgraded to Hold from Buy at Brean Murray
- Oracle (ORCL) downgraded to Market Perform from Outperform at BMO Capital
- Costco (COST) downgraded to Underperform from Market Perform at Bernstein
- Tyson Foods (TSN) downgraded to Neutral from Buy at Davenport
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Investors are anxious to see if hiring can maintain its strong pace in the second half of the year.
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