This morning, Jefferies initiated coverage on shares of Chegg (NYSE:CHGG) with a buy rating noting that the company is well positioned to take advantage of the evolving education sector. In the report, Jefferies set a $14 price target. Shares of Chegg were lower on Monday, falling 2.8%.
Deutsche Bank upgraded shares of Cabot Oil & Gas (NYSE:COG) from hold to buy as strong growth is expected from the company. In the report, Deutsche Bank set a $43 price target. Shares of Cabot were higher on the news, picking up 3.2% so far.
Deutsche Bank also upgraded shares of Phillips 66 (NYSE:PSX) from hold to buy noting that the refining sector is seeing improvements. In the report, Deutsche Bank set an $80 price target. Shares of Phillips 66 were higher by 1.6% following the report.
And UBS initiated coverage on shares of Memorial Production Partners (NASDAQ:MEMP) with a buy rating as the stock has a strong yield with limited downside. In the report, UBS set a $25 price target. Shares of Memorial Production Partners were flat on Monday, trading right around $20 per share.
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