Citigroup upgraded a pair of credit card issuers this morning. Citi upgraded MasterCard (NYSE:MA)from Sell to Hold and assigned the stock a price target of $209, and upgraded Capital One (NYSE:COF) from Hold to Buy and assigned it a $44 price target.
Shares of MasterCard were trading close to even following the upgrade, but shares of Capital One have gained just about four percent following the report.
Oppenheimer upgraded shares of casino operator Wynn Resorts (NASDAQ:WYNN) from Underperform to Perform. The stock has gained more than sixty percent over the last two months, and it appears that the upgrade is more of a reaction to the share appreciation than anything else. With the upgrade, the firm raised its price target from $36 per share all the way up to $61 per share.
In morning trading, shares of Wynn Resorts gained almost four percent following the upgrade from Oppenheimer.
And JP Morgan upgraded Morgan Stanley (NYSE:MS) from Neutral to Overweight citing regulatory proposals that would favor the investment bank more than peers. With the upgrade, the firm raised its price target modestly from $33 per share up to $36, and reaffirmed its 2009 EPS estimates of three cents per share.
Shares of Morgan Stanley edged higher Wednesday morning, gaining a little more than one percent so far.
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.
Launch related slideshow:
Monday 7/28 Insider Buying Report: QDEL, HAFC
Monday 7/28 Insider Buying Report: NHF, PCI
Friday 7/25 Insider Buying Report: SNA
S&P 500 Movers: CMI, FDO
Nasdaq 100 Movers: MNST, DLTR
Dow Movers: GE, DD
S&P 500 Analyst Moves: HON
S&P 500 Analyst Moves: NWL
S&P 500 Analyst Moves: SPG
Monday Sector Leaders: Electric Utilities, Department Stores
Monday Sector Laggards: Metals Fabrication & Products, Drugs
Friday Sector Leaders: Precious Metals, Transportation Services
Monday's ETF with Unusual Volume: IYJ
Monday's ETF Movers: IDU, XHB
SH, TMF: Big ETF Outflows
Daily Dividend Report: K, WWE, AMGN, ETR, AVY, RBC
Daily Dividend Report: DAL, CP, CMCSA, HON, NEE, TWC, SCHW, AA, NE, MAC, TAP
Daily Dividend Report: INTC, MRK, V, BLK, AAL
Fed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
Weekly Market Wrap: July 25, 2014
Weekly Market Wrap: July 18, 2014
Weekly Market Wrap: July 11, 2014
Week Ahead Market Report: July 28, 2014
Week Ahead Market Report: July 21, 2014
Week Ahead Market Report: July 14, 2014