This morning, Jefferies increased its price target on shares of US Steel (NYSE:X) to $27 as cost reductions at the company have prompted management to raise Q1 guidance. In the report, Jefferies increased its EPS estimates, but maintained its hold rating. Shares of US Steel were higher by 2.5% on the news.
Keybanc increased its price target on shares of Tempur Sealy (NYSE:TPX) to $60 as the company's refreshed product line will improve sales. In the report, Keybanc increased its EPS estimates through the end of 2014 while reiterating its buy rating. Shares of Tempur Sealy were modestly higher today, gaining 0.3% on Wednesday.
And Bank of America upgraded shares of Electronic Arts (NASDAQ:EA) from neutral to buy as margins are expanding quicker than expected. In the report, Bank of America set a $36 price target. Shares of Electronic Arts were higher by 2.9% today.
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.