Wednesday, October 1, 2014

Analysts' Actions: eBay, Freeport-McMoRan, Masco, Panera and More

NEW YORK (TheStreet) -- RATINGS CHANGES Avis Budget was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: CAR Ratings Report eBay was downgraded at J.P. Morgan to neutral from overweight. Valuation call, based on a 12-month price target of $61, J.P. Morgan said. Must Read: 7 Stocks Warren Buffett Is Selling in 2014 eBay was downgraded at JMP Securities to market perform from outperform. Operational issues likely will keep the stock range-bound, JMP said. Freeport-McMoran was initiated with a buy rating at Brean Capital. Twelve-month price target is $39. Company has low costs and generates strong cash flow, Brean said. Hyster-Yale Materials was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: HY Ratings Report Masco was upgraded at J.P. Morgan to overweight from neutral. Twelve-month price target is $28.50. Company has better visibility and will likely repurchase more stock, J.P. Morgan said. Panera was upgraded at Wunderlich to buy from hold. Twelve-month price target is $185. Traffic has strengthened and management is investing in future growth, Wunderlich said. Must Read: Four Ways UPS Is Trying to Avoid Another Holiday-Season Fiasco Editor's note: To see analysts' stock comments and changes to price targets and earnings estimates, go to "Street Notes" which is available only to Real Money subscribers. To find out how to become a subscriber, please click here. Follow TheStreet on Twitter and become a fan on Facebook.


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