Analyst calls: Visa, MasterCard initiated with 'buy'
Expedia, Philip Morris and Las Vegas Sands are downgraded to 'neutral.'
Thursday's noteworthy upgrades include:
- Madison Square Garden (MSG) upgraded to Overweight from Underweight at Morgan Stanley
- Pacific Sunwear (PSUN) upgraded to Neutral from Underweight at Piper Jaffray
- Wipro (WIT) upgraded to Buy from Neutral at BofA/Merrill
- Mobile TeleSystems (MBT) upgraded to Buy from Neutral at BofA/Merrill
- Expedia (EXPE) downgraded to Neutral from Buy at Citigroup
- THQ Inc. (THQI) downgraded to Hold from Buy at Brean Murray and to Sector Perform from Outperform at Pacific Crest
- Valero Energy (VLO) downgraded to Outperform from Top Pick at RBC Capital
- Philip Morris (PM) downgraded to Neutral from Buy at Nomura
- Las Vegas Sands (LVS) downgraded to Neutral from Buy at Janney Capital
- Baker Hughes (BHI) downgraded to Neutral from Buy at Guggenheim
- Oceaneering (OII) initiated with a Neutral at Goldman
- American Capital Agency (AGNC) initiated with an Overweight at Morgan Stanley
- Visa (V) reinstated with a Buy at BofA/Merrill
- MasterCard (MA) reinstated with a Buy at BofA/Merrill
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Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
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