This morning, Needham upgraded shares of LinkedIn (NYSE:LNKD) from hold to buy as there are still several unexplored revenue streams for the company. With the upgrade, Needham set a $280 price target. Shares of LinkedIn were higher on the news, picking up 2.9% today.
Bank of America upgraded shares of KAR Auctions (NYSE:KAR) from underperform to buy as the company is seeing better volumes. The report noted that this could be an inflection point for the company and set a $30 price target. Shares of KAR Auctions were higher by 1.1% today.
And Canaccord Genuity upgraded shares of Lowe's (NYSE:LOW) from sell to hold noting that the company can still benefit from the ongoing housing recovery. In the report, Canaccord set a price target of $48 per share. On Monday, shares of Lowe's were higher by 0.6%.
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.