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:
Wednesday 9/28 Insider Buying Report: IRET, RRC
GDX, QINC: Big ETF Inflows
Tuesday 9/27 Insider Buying Report: MYOS
Nasdaq 100 Movers: MYL, EBAY
Dow Movers: MRK, CAT
S&P 500 Movers: CHK, CAG
S&P 500 Analyst Moves: ORLY
S&P 500 Analyst Moves: MET
Dow Analyst Moves: UTX
Thursday Sector Laggards: Drugs, Gas Utilities
Thursday Sector Leaders: Oil & Gas Exploration & Production, Oil & Gas Equipment & Services 
Wednesday Sector Laggards: Home Furnishings & Improvement, Music & Electronics Stores
Thursday's ETF with Unusual Volume: VLUE
Thursday's ETF Movers: OIH, XPH
UCO, SEF: Big ETF Outflows 
Daily Dividend Report: MCD, JOUT, EOG, BKU, GBCI
Daily Dividend Report: OGE, GIS, MKC, MAA, WGL
Daily Dividend Report: AXP, SNX, CLC, MA, HRL
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: August 14, 2015
Weekly Market Wrap: August 7, 2015
Weekly Market Wrap: July 31, 2015
Week Ahead Market Report: June 8, 2015
Week Ahead Market Report: May 18, 2015
Week Ahead Market Report: May 4, 2015