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%.
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.