Baird Upgrades AT&T To Outperform, Downgrades Flowserve To Underperform
Finbox io | Dec 12, 2016 02:24PM ET
Here are today’s top Wall Street analyst ratings where finbox.io’s unbiased fair value estimates support the recommendation.h3 Top Upgrades/h3
- RBC Capital Markets upgraded Tahoe Resources Inc (NYSE:TAHO) from Sector Perform to Outperform. Shares currently have close to 35% upside.
- JPMorgan Chase upgraded Web.com Group (NASDAQ:WEB) from Neutral to Overweight. Finbox.io’s fair value estimate of $22 per share implies that shares are over 25% undervalued.
- HC Wainwright reiterated Biogen (Nasdaq:NASDAQ:BIIB) with its Positive rating. Ten valuation models imply a fair value of $338 per share representing almost 20% upside.
- Robert Baird upgraded AT&T (NYSE:T) from Neutral to Outperform along with a $44 price target. The new price target is generally supported by the company’s fundamentals.
- Robert Baird downgraded Flowserve Corp. (NYSE:FLS) from Neutral to Underperform. Shares are currently trading at a large premium.
- BMO Capital Markets downgraded Stillwater Mining (NYSE:SWC) from Outperform to Market Perform. Eight valuation models imply the stock is 19% overvalued.
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- Jefferies Group downgraded Worthington Industries (NYSE:WOR) from Hold to Underperform. Fundamentals support the rating change.
- Barclays downgraded CF Industries (NYSE:CF) from Overweight to Equal Weight. Shares traded lower by 6% following the downgrade. Nine valuation models conclude that the company still has a negative 14% margin of safety.
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