In Thursday's Analysts' Actions, TheStreet highlights an upgrade for AT&T (T), while Wendy's (WEN) and Energizer (ENR) get hit with ratings cuts. Analysts at JPMorgan upgraded AT&T to OVERWEIGHT from NEUTRAL with a higher price target of $40 from $35. The firm noted that synergies from AT&T's $49 billion buyout of DirecTV (DTV) should drive higher free cash flow. Analysts expect the deal to close on June 30. The firm coupled the upgrade with a downgrade on Verizon Communications (VZ). Wendy's had its rating lowered to NEUTRAL from OUTPERFORM at Wedbush with a reduced price target of $12. Energizer was downgraded by analysts at Morgan Stanley to EQUAL WEIGHT from OVERWEIGHT, following its share outperformance. The firm also decreased its price target on the battery company. TheStreet's Kurumi Fukushima reports in New York.
More from Video
Amid the Selling, Here's the Big Question Now
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
One Tweet Pulls the Rug Out From Under the Indexes
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.