This morning, Credit Suisse increased its price target on shares of Micron Technology (NASDAQ:MU) to $30 as last night's earnings report revealed strong demand. With the higher price target, Credit Suisse increased its EPS estimates and reiterated its outperform rating. Shares of Micron were sharply higher on Wednesday, gaining just over 10% so far today.
UBS initiated coverage on shares of McDonald's (NYSE:MCD) with a buy rating as the company can continue to generate 3% growth over its diversified portfolio. In the report, UBS set a $107 price target. Shares of MCD were lower with the market today, slipping 1%.
RBC Capital upgraded shares of Nabors Industries (NYSE:NBR) from sector perform to outperform noting that the company will increase its international drilling in the second half of 2014. In the report, RBC set a $20 price target on the stock. Shares of Nabors Industries were higher by 0.5% on the news.
And Jefferies initiated coverage on shares of JP Morgan (NYSE:JPM) with a buy rating as the bank is trading at the lowest multiple when looking at 2015 EPS estimates. With the buy rating, Jefferies set a $66 price target. Shares of JP Morgan were higher by 0.8% today.
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