Analyst calls: IAC/InterActiveCorp upgraded to 'buy'
Liz Claiborne is initiated with an 'outperform,' and TripAdvisor is downgraded to 'neutral.'
Thursday's noteworthy upgrades include:
- InterActiveCorp (IACI) upgraded to Buy from Neutral at BofA/Merrill
- Denbury Resources (DNR) upgraded to Neutral from Underperform at Sterne Agee
- LINN Energy (LINE) upgraded to Outperform from Neutral at Credit Suisse
- Wendy's (WEN) downgraded to Neutral from Buy at Janney Capital
- CME Group (CME) downgraded to Underperform from Outperform at CLSA
- Walgreen (WAG) downgraded to Underperform from Neutral at BofA/Merrill
- TripAdvisor (TRIP) downgraded to Neutral from Buy at BofA/Merrill
- QEP Resources (QEP) downgraded to Underperform from Neutral at Sterne Agee
- Stryker (SYK) initiated with an Outperform at Wells Fargo
- MasterCard (MA) initiated with a Neutral at UBS
- Visa (V) initiated with a Neutral at UBS
- Automatic Data Processing (ADP) initiated with a Buy at UBS
- Paychex (PAYX) initiated with a Buy at UBS
- Wyndham (WYN) initiated with a Buy at Cantor
- Marriott (MAR) initiated with a Buy at Cantor
- Liz Claiborne (LIZ) initiated with an Outperform at Wedbush
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The company has made at least 4 acquisitions in the space, and few people have paid any attention.
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