Analyst calls: Cisco upgraded to 'buy'
Applied Materials is downgraded to 'underperform,' and American Express is initiated with a 'neutral.'
Thursday's noteworthy upgrades include:
- Kinder Morgan (KMI) upgraded to Overweight from Neutral at JPMorgan
- Abercrombie & Fitch (ANF) upgraded to Outperform from Neutral at Wedbush
- Cisco (CSCO) upgraded to Buy from Neutral at Davenport
- SINA (SINA) upgraded to Buy from Neutral at BofA/Merrill
- Abercrombie & Fitch (ANF) downgraded to Underperform from Neutral at Macquarie
- Applied Materials (AMAT) downgraded to Underperform from Outperform at CLSA
- GNC Holdings (GNC) downgraded to Hold from Buy at Deutsche Bank
- Staples (SPLS) downgraded to Sell from Neutral at Citigroup
- American Express (AXP) initiated with a Neutral at Janney Capital
- Burger King (BKW) initiated with an Equal Weight at Barclays
- Cimarex Energy (XEC) initiated with an Outperform at Imperial Capital
- Energen (EGN) initiated with an Outperform at Imperial Capital
- Magnum Hunter (MHR) initiated with an Outperform at Imperial Capital
- Oasis Petroleum (OAS) initiated with an Outperform at Imperial Capital
- Pioneer Natural (PXD) initiated with an Outperform at Imperial Capital
- SM Energy (SM) initiated with an Outperform at Imperial Capital
- TransDigm (TDG) initiated with an Outperform at Imperial Capital
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John Stumpf acknowledges that growth has been slow, but he says he's still optimistic.
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