This morning, DA Davidson upgraded shares of Applied Materials (NASDAQ:AMAT) from neutral to buy citing valuation. The stock has recently sold off, creating a buying opportunity based on the current risk/reward profile. In the report, DA Davidson set a $18 price target. Shares of Applied Materials were lower on Monday, falling 1.4% despite the report.
Wells Fargo upgraded shares of PulteGroup (NYSE:PHM) from market perform to outperform as the demographic focus of the company should limit downside. Shares of the PulteGroup were modestly higher on the report, gaining 0.3% today.
And UBS initiated coverage on shares of News Corp. (NASDAQ:NWSA) with a buy rating as long term investors will find value in the company. In the report, UBS set a $19 price target. Shares of News Corp. were lower on Monday, slipping 0.3% so far.
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