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Upgrades: CCL, ENDP, RRC
Wednesday, September 29, 2:15 PM ET

This morning, Goldman Sachs upgraded shares of Carnival (NYSE:CCL) from hold to buy as margins look to improve from the continued cost cutting efforts by the company. With the upgrade, Goldman set a price target of $44 per share.

In morning trading, shares of Carnival were higher, up almost 1.7% today.

Citigroup upgraded shares of Endo Pharmaceutical (NASDAQ:ENDP) from hold to buy following the company's $1.2 billion acquisition of Qualitest Pharmaceuticals. With the upgrade, Citigroup set a price target of $40 per share.

Shares of ENDP were higher on on Wednesday, gaining 1.8%.

And MKM Partners initiated coverage on shares of Range Resources (NYSE:RRC) with a buy rating as the company should be able to produce strong margins even with natural gas prices near record lows. With the buy rating, MKM set its price target for Range Resources at $50 per share.

Shares of RRC were higher on the news, picking up 0.2%.

For MarketNewsVideo.com, I'm Sayoko Murase.

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