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%.
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