This morning, Deutsche Bank upgraded shares of Valero (NYSE:VLO) from hold to buy as improvements to the refining market will help earnings sooner than expected. In the report, Deutsche Bank set a $55 price target. Shares of Valero were higher by 2.6% on the news.
UBS increased its price target on shares of Illinois Tool Works (NYSE:ITW) to $81 as the sale of its industrial packaging unit could be a catalyst for the stock. In the report, UBS maintained its neutral rating. Shares of ITW were lower, despite the report, slipping 0.3% today.
And B. Riley upgrades shares of American Eagle (NYSE:AEO) from neutral to buy as comps for 2014 should be easier. In the report, B. Riley set a $20 price target. Shares of American Eagle were also lower on Monday, falling 0.25%.
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.