CBL & Associates Properties (NYSE:CBL), one of the largest and most active owners and developers of malls and shopping centers in the United States was upgraded by Barclays (NYSE:BCS) to Equal Weight from Underweight. They set the price target to $8 per share.
In morning trading, CBL was at $5.65, up 4.82%.
And, Barclays also upgraded another company in the real estate industry: Mack-Cali Realty Corp (NYSE:CLI). Mack-Cali is a fully-integrated, self-administered, self-managed real estate investment trust providing management, leasing, development, construction and other tenant-related services for its real estate portfolio. Barclays upgraded Mack-Cali from Equalweight to Overweight and increased the price target from $30 to $32 per share.
Mack-Cali is trading at $22.98, up 2.82%.
JP Morgan (NYSE:JPM) upgraded Marvel Entertainment (MVL), one of the world's most prominent character-based entertainment companies, from Neutral to Overweight. The price target for Marvel was raised from $27 to $42 per share. JP Morgan believes that Marvel will surprise the street to the up-side.
Marvel shares are trading at $37.57, up 5.56%.
And, now for the downgrades. It seems certain hotel stocks are out of favor with Barclays Capital today.
Choice Hotels International (NYSE:CHH), which franchises more than 5,800 hotels, representing more than 475,000 rooms, in the United States and more than 30 countries and territories was downgraded by Barclays from Equal Weight to Underweight. At the same time, Barclays increased the price target from $22 to $25.
Choice Hotels was at $25.91 down 2.63% in morning trading.
Marriott International (NASDAQ:MAR) was also downgraded by Barclays from Equalweight to Underweight. Additionally, their price target was lowered from $15 to $14 per share.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.