Viacom and Melco Crown Upgraded to Buy

Here are today's top Wall Street analyst ratings where's unbiased fair value estimates support the recommendation.

Top Upgrades and Buy Ratings

  • B. Riley reiterated RealNetworks (Nasdaq:RNWK) at Buy with a $7.50 price target. The target appears high but fundamentals imply shares should be trading close to $6.00 per share. ‘RNWK

  • Piper Jaffray initiated coverage on Hormel Foods (NYSE:HRL) at Overweight. Eleven analyses conclude a fair value estimate of $42 per share implying the stock is 19% undervalued. ‘HRL

  • Guggenheim upgraded Viacom (Nasdaq:VIAB) from Neutral to Buy. Nine separate valuation models imply an intrinsic value of approximately $44.50 per share representing 15% upside. ‘VIAB

  • Bank of America upgraded Melco Crown Entertainment (Nasdaq:MPEL) from Neutral to Buy and raised its price target to $22.30. Shares traded higher by roughly 3% following the upgrade. ‘MPEL

Top Downgrades and Sell Ratings

  • Goldman Sachs reiterated Coca-Cola (NYSE:KO) at Sell. Eleven cash flow analyses imply the stock is trading at a 30% premium. ‘KO

  • Guggenheim downgraded South Jersey Industries (NYSE:SJI) from Buy to Neutral. Shares traded 4% lower following the downgrade. data shows that the stock is still 23% overvalued.

  • Barclays downgraded Internationa Flavors & Fragrances (NYSE:IFF) from Equal Weight to Underweight and set a $103 price target. Eleven valuation models support an even lower target of $96 per share. ‘IFF

  • Raymond James reiterated Realty Income (NYSE:O) at Underperform. Fundamentals support the rating and imply that the stock currently has a negative 14% margin of safety. ‘O

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