Analyst calls: PepsiCo and Coca-Cola downgraded
General Motors is upgraded to 'overweight.'
Wednesday's noteworthy upgrades include:
- General Motors (GM) upgraded to Overweight from Neutral at Piper Jaffray
- Accenture (ACN) upgraded to Outperform from Market Perform at Bernstein
- DirectTV (DTV) upgraded to Outperform from Market Perform at Bernstein
- Marriott (MAR) upgraded to Buy from Neutral at Goldman
- PepsiCo (PEP) and Coca-Cola (KO) downgraded to Neutral from Buy at UBS
- Southwestern Energy (SWN) downgraded to Neutral from Outperform at RW Baird
- NYSE Euronext (NYX) downgraded to Market Perform from Outperform at Keefe Bruyette
- 3M Company (MMM) downgraded to Sell from Neutral at Goldman
- T. Rowe Price (TROW) downgraded to Neutral from Buy at Ticonderoga
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Traders might want to bite on BABA, but long-term investors have reasons to wait.
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