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CHANGE IN RATINGS
American Electric Power (AEP Quote) upgraded at JPMorgan to Overweight from Neutral. Believe sharp valuation discount vs. peers is unwarranted. Note stable business outlook, improved balance sheet and relatively safe dividend. Price target at $32.Burger King (BKC Quote) downgraded at Goldman Sachs to Neutral from Buy following disappointing quarterly results. Same store sales and margins were both weaker than expected and were contrary to management's positive comments during February analyst day. Price target lowered to $21 from $26.
Kraft Foods (KFT Quote) downgraded at UBS from Buy to Neutral. $24 price target. Estimates also cut, based on a lower volume growth forecast. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,390.11 | 1,103.25 | 2,189.61 | 34.48 |
Oil *
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10 Yr
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SPDR Gold
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