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Google & GoPro Initiated, Goldman Downgrades Household Names

Susannah Lee
7/15/14 11:44 AM EDT
Tuesday's Analysts' Actions include Goldman on Campbell Soup and Kellogg, FBR on Google and JMP Securities on GoPro. Goldman Sachs (GS) is downgrading some big household names you may find in your pantry. The firm is revising their ratings on both Campbell Soup (CPB)and Kellogg (K) to a 'sell' from 'neutral.' Goldman is also lowering its price target for both stocks. FBR Capital Markets initiated coverage of Google shares with an 'outperform' rating and a price target of $674 a share. The firm says Google (GOOG) will continue to expand its competitive advantage. GoPro (GPRO) was initiated with an 'outperform' rating at JMP Securities. The firm is putting a price target of $60 a share on GoPro. Analysts say GoPro is a market leader and expects growth to accelerate. TheStreet's Susannah Lee has the details.
Stocks in this video: GSCPBGOOGGPRO

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