Analyst calls: Groupon upgraded
Facebook is initiated with an 'outperform,' and Pulte Group is upgraded to 'outperform.'
Wednesday's noteworthy upgrades include:
- Continental Resources (CLR) upgraded to Buy from Hold at Jefferies
- Dick's Sporting (DKS) upgraded to Outperform from Market Perform at Wells Fargo
- Groupon (GRPN) upgraded to Hold from Sell at Stifel Nicolaus
- Northeast Utilities (NU) upgraded to Buy from Hold at Deutsche Bank
- Tata Motors (TTM) upgraded to Hold from Sell at Deutsche Bank
- Shuffle Master (SHFL) upgraded to Buy from Neutral at Janney Capital
- Pulte Group (PHM) upgraded to Outperform from Neutral at Credit Suisse
- Southwestern Energy (SWN) upgraded to Neutral from Underperform at Credit Suisse
- Rackspace (RAX) downgraded to Hold from Buy at Jefferies
- Symantec (SYMC) downgraded to Market Perform from Outperform at FBR Capital
- Quest Diagnostics (DGX) downgraded to Underperform from Outperform at Raymond James
- Sherwin-Williams (SHW) downgraded to Underperform from Neutral at BofA/Merrill
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The company is scrambling to protect its equities arm, which could face declining volume and revenue as competitors close the gap.
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