Wendy's (WEN) was initiated with a market perform rating at Wells Fargo. Company shows low EV/EBITDA relative its peers, but is inhibited by less-than-expected margin expansion, Wells Fargo said.
STOCK COMMENTS/EPS CHANGES
FirstMerit (FMER) numbers were raised at UBS. Estimates were increased to reflect the earlier-than-expected closing of the CRBC acquisition, said UBS. Price target goes to $22.
Corning (GLW) numbers were reduced at UBS. Reflect LCD panel price declines and volume reductions, said UBS. Price target goes to $16.50.
Oracle (ORCL) numbers were reduced at UBS. Earnings estimates were cut given a weak macro and concerns about the shift to the cloud and sales execution, said UBS. Price target goes to $37.Oracle estimates were cut at Citigroup. Earnings estimates were reduced given macro weakness, said Citigroup. Price target remains $38. (SVU) numbers were raised at Citigroup. Opportunity for cost savings and SG&A leverage, said Citigroup. Price target goes to $7. >To submit a news tip, email: firstname.lastname@example.org. Follow TheStreet on Twitter and become a fan on Facebook.
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