Monday, March 16, 2015

Analysts' Actions: DuPont, King Digital, Seagate and Wynn Resorts

NEW YORK (TheStreet) -- RATINGS CHANGES DuPont was downgraded to neutral from buy at Bank of America/Merrill Lynch. Company is facing currency and agriculture demand headwinds, Bank of America/Merrill Lynch said. Twelve-month price target is $76. King Digital was upgraded to overweight from neutral at J.P. Morgan. Twelve-month price target is $20. Valuation call, as the company can continue to grow and distance itself from smaller competitors, J.P. Morgan said. Seagate was upgraded from to strong buy from buy at Needham. Twelve-month price target is $65. Market anxiety about the sector appears to be misplaced, Needham said. Wynn Resorts was downgraded to equal-weight from overweight at Morgan Stanley. Expect the Macau market to remain stalled, Morgan Stanley said. Must Read: 10 Stocks Carl Icahn Loves for 2015: Apple, eBay, Hertz and More 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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