This morning, UBS increased its price target on shares of CB&I (NYSE:CBI) to $86 as revenue should increase into 2014 with new nuclear projects ramping up. In the report, UBS reiterated its buy rating. Shares of CB&I were lower, despite the report, falling 2% so far today.
Bank of America upgraded shares of Southwest Airlines (NYSE:LUV) from neutral to buy as a recovering US economy will boost domestic business travel. In the report, Bank of America set a $23 price target. Shares of Southwest Airlines were higher by 4.1% so far.
RBC Capital upgraded shares of LyondellBasell (NYSE:LYB) to a Top Pick rating as earnings growth is expected to accelerate in 2014. In the report, RBC set a $110 price target. Shares of LYB were higher on the news, gaining 0.9%.
And JMP Securities initiated coverage on shares of Xilinx (NASDAQ:XLNX) with an outperform rating as sales growth should accelerate next year. With the outperform rating, JMP set a $55 price target. Shares of Xilinx were higher by 1.2% today.
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