Viacom and Melco Crown Upgraded to Buy
Here are today's top Wall Street analyst ratings where finbox.io's unbiased fair value estimates support the recommendation.
Top Upgrades and Buy Ratings
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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.
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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.
<img src='http://res.cloudinary.com/finbox/image/upload/v1483986943/2_-_HRL_s3nz6a.jpg' alt= ‘HRL finbox.io fair value estimate’> -
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.
<img src='http://res.cloudinary.com/finbox/image/upload/v1483986943/3_-_VIAB_zgiwi6.jpg' alt= ‘VIAB finbox.io fair value estimate’> -
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.
<img src='http://res.cloudinary.com/finbox/image/upload/v1483986943/4_-_MPEL_dmswlr.jpg' alt= ‘MPEL finbox.io fair value estimate’>
Top Downgrades and Sell Ratings
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Goldman Sachs reiterated Coca-Cola (NYSE:KO) at Sell. Eleven cash flow analyses imply the stock is trading at a 30% premium.
<img src='http://res.cloudinary.com/finbox/image/upload/v1483986943/5_-_KO_xxv7at.jpg' alt= ‘KO finbox.io fair value estimate’> -
Guggenheim downgraded South Jersey Industries (NYSE:SJI) from Buy to Neutral. Shares traded 4% lower following the downgrade. Finbox.io data shows that the stock is still 23% overvalued.
<img src='http://res.cloudinary.com/finbox/image/upload/v1483986943/6_-_SJI_ebltk1.jpg' alt= ‘SJI finbox.io fair value estimate’> -
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.
<img src='http://res.cloudinary.com/finbox/image/upload/v1483986943/7_-_IFF_rg5squ.jpg' alt= ‘IFF finbox.io fair value estimate’> -
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.
<img src='http://res.cloudinary.com/finbox/image/upload/v1483986943/8_-_O_udlcih.jpg' alt= ‘O finbox.io fair value estimate’>