This morning, Bank of America upgraded shares of HollyFrontier (NYSE:HFC) to a buy rating as the stock has lagged its peers during the seasonal rebound. In the report, Bank of America noted that it sees value at these levels and set a $60 price target. Shares of HFC were lower on Tuesday, falling 0.7%.
Needham initiated coverage on shares of Micron Technology (NASDAQ:MU) with a buy rating as the stock should begin trading at higher multiples over the coming quarters. In the report, Needham set a $30 price target. Shares of Micron were higher by 1.7% on the news.
Goldman Sachs upgraded shares of Westar Energy (NYSE:WR) from neutral to buy as management is controlling costs well. In the report, Goldman noted that the company should be able to grow its dividend from here and set a $34 price target. Shares of Westar Energy were relatively flat on Tuesday, trading just below $32 per share.
And UBS increased its price target on shares of Forest Labs (NYSE:FRX) to $57 as the company is cutting $500 million in costs in the near term. In the report, UBS raised its EPS estimates while maintaining its neutral rating. Shares of FRX were giving back some of yesterday's gains, ,falling 0.4% so far.
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