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Party Time? Qualcomm Added To BofA's US1 List
Tuesday, November 24, 2015 - 10:15am | 310Shares of QUALCOMM, Inc (NASDAQ: QCOM) are down 34 percent year-to-date and trading near their 52-week low of $47.52. BofA Merrill Lynch’s Tal Liani maintained a Buy rating on the company, with a price objective of $75. The company was added to the US1 List. Cost cuts, new...
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BofA Cuts GameStop To Neutral Following Q3 Results
Tuesday, November 24, 2015 - 9:37am | 283Shares of GameStop Corp (NYSE: GME) have been treading an upward path in 2015 and are up 11 percent year-to-date. BofA Merrill Lynch’s Curtis Nagle downgraded the rating on the company to Neutral, while reducing the price objective from $56 to $42. Although GameStop’s stock is...
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Bank Of America: We're Still Buying Allergan
Friday, November 20, 2015 - 9:00am | 289Allergan PLC (NYSE: AGN) shares are down 5 percent in the last three months, while shares of Pfizer Inc. (NYSE: PFE) have declined 8 percent over the same period. BofA Merrill Lynch’s Sumant S. Kulkarni maintained a Buy rating on Allergen, with a price objective of $385. Even if the...
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BofA Cuts SeaWorld, Says Turnaround Is 'More Evolutionary Than Revolutionary'
Thursday, November 12, 2015 - 8:38am | 377SeaWorld Entertainment Inc (NYSE: SEAS) shares are up 1 percent year-to-date, despite a 15 percent decline in May 12. Bank of America Merrill Lynch’s Bryan Goldberg downgraded the rating on the company from Neutral to Underperform, while reducing the price target from $22 to $19....
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Time Warner Downgraded By Bank Of America Analysts On Lack Of Catalysts
Thursday, November 5, 2015 - 11:45am | 398Time Warner Inc (NYSE: TWX) shares are down 16 percent year-to-date, declining steadily after hitting a high of $91.01 on July 16. BofA Merrill Lynch’s Jessica Reif Cohen downgraded the rating on the company from Buy to Neutral, while reducing the price objective from $95 to $79....
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Rockwell Downgraded At BofA, 'Weak Cycle' Of Concern To Analysts
Thursday, October 29, 2015 - 12:27pm | 273Rockwell Automation (NYSE: ROK) shares have been volatile in 2015 and are down 4 percent year-to-date. BofA Merrill Lynch’s Andrew Obin downgraded the rating on the company from Neutral to Underperform, while maintaining a price objective of $110. A weak macroeconomic environment is...
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Community Health Cut At BofA, Firm Warns Of Low Visibility
Thursday, October 22, 2015 - 11:48am | 304Community Health Systems (NYSE: CYH) shares are down 50 percent year-to-date, slumping from $40 to $30 on October 21. BofA Merrill Lynch’s Kevin Fischbeck downgraded the rating on the company from Buy to Neutral, while reducing the price objective from $64 to $42. The company...
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Why Bank Of America Thinks Disney Is A Perfect Storm (Trooper)
Wednesday, October 21, 2015 - 11:06am | 331Walt Disney Co (NYSE: DIS) shares are down 7 percent in the last three months, having slid from a high of $121.69 on August 4. BofA Merrill Lynch’s Jessica Reif Cohen maintained a Buy rating on the company, with a price objective of $130. 3Q15 results reported by Hasbro, Inc. (...
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BofA Adds ConocoPhillips To US1 List
Tuesday, October 20, 2015 - 10:04am | 328ConocoPhillips (NYSE: COP) shares are down 22 percent since April 21, even after recording a small recovery so far in October. BofA Merrill Lynch’s Doug Leggate maintained a Buy rating on the company, while raising the price target from $74 to $77. In view of ConocoPhillips’...
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Building Product Reset: Caesarstone Upgraded, Plum Creek Timber Downgraded At BofA
Friday, October 16, 2015 - 10:24am | 469Caesarstone Sdot-Yam Ltd (NASDAQ: CSTE) shares are down 45 percent year-to-date, while shares of Plum Creek Timber Co. Inc. (NYSE: PCL) are down 5 percent over the same period. BofA Merrill Lynch’s George L. Staphos upgraded the rating on Caesarstone from Neutral to Buy, while...
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3 Reasons Wal-Mart Was Just Downgraded At Bank Of America
Thursday, October 15, 2015 - 10:01am | 341Wal-Mart Stores, Inc. (NYSE: WMT) shares have been declining steadily so far in 2015, and are down 31 percent year-to-date. BofA Merrill Lynch’s Robert F. Ohmes downgraded the rating on the company from Buy to Neutral, while reducing the price target from $85 to $65. Wal-Mart’...
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Mead Johnson Downgraded At BofA: Here's Why
Thursday, October 8, 2015 - 10:46am | 309Mead Johnson Nutrition CO (NYSE: MJN) shares are down 30 percent year-to-date, slipping and staying below the $80 mark since end-August. BofA Merrill Lynch’s Bryan D. Spillane downgraded the rating on the company from Neutral to Underperform, while reducing the price objective from $80...
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BofA Downgrades Cosan, Prefers Cosan SA; Says Latin Agribusiness 'Won't Get Simpler Soon'
Monday, September 28, 2015 - 8:40am | 353Cosan Limited (USA) (NYSE: CZZ) shares have been on a downward trend since touching a high of $11.45 in October 2014, and have lost 73 percent in the last one year. BofA Merrill Lynch’s Isabella Simonato downgraded the rating on the company from Buy to Neutral, while reducing the price...
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The Guys Calling Goldman 'A Diamond' In Today's Market
Wednesday, September 9, 2015 - 12:49pm | 390Goldman Sachs Group Inc (NYSE: GS) shares are down 7 percent over the past month, having been on a downward trajectory since August 19. Bank of America Merrill Lynch’s Michael Carrier upgraded the rating for the company from Neutral to Buy, while maintaining a price target of $220....
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Bank Of America Remains Bearish On Fundamentals For Oil In China
Monday, August 31, 2015 - 11:06am | 377CNOOC Ltd (ADR) (NYSE: CEO) shares are still down 9 percent year-to-date, despite having jumped more than 21 percent since August 25. Bank of America Merrill Lynch analyst Sonia Song upgraded the company to Buy, while raising the price target from HK$8.7 to HK$11. A review of China Oil 1H...