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Workday and Yahoo! Cut; Time Warner Cable Gets Some Cheers

5/27/15 10:03 AM EDT
In Wednesday's Analysts' Actions, we highlight a couple of negative notes on Workday (WDAY) and Yahoo! (YHOO) as well as an upgrade for Time Warner Cable (TWC). Analysts at Jefferies lowered their price target on shares of Workday to $92 from $99, following the enterprise cloud app provider's first quarter earnings and second quarter guidance. Jefferies analysts are maintaining their HOLD rating, but noted the company's total billings growth moderated to 31 percent in the quarter. The other negative analyst note is on technology giant Yahoo! (YHOO). Analysts at Evercore ISI downgraded the company to HOLD from BUY. The firm also lowered its price target to $48 from its prior $55. Evercore issued its lower rating and price objective ahead of the Alibaba Group Holding (BABA) spin-off. And lastly, we highlight an upgrade on cable titan Time Warner Cable (TWC). Analysts at Needham & Co raised their rating on Time Warner to HOLD from UNDERPERFORM, following its $195 a share takeover bid by Charter Communications (CHTR). The $56 billion cable-TV deal was announced on Tuesday. TheStreet's Kurumi Fukushima reports in New York.
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