Analysts' Actions -- AIG, Altria, Nvidia, Visa
Change in Ratings
Jarden (JAH) was upgraded to Top Pick at RBC Capital. $46.50 price target. Stock has pulled back to an attractive valuation.
MBIA (MBI) - Get Report was upgraded from Neutral to Buy at MKM Partners. $12 price target. Company should benefit from a PREPA deal.
Altria (MO) - Get Report was downgraded to Sector Perform at RBC Capital. Valuation call, based on a $62 price target.
Nvidia (NVDA) - Get Report was downgraded from Buy to Hold at Needham. Valuation call, as the stock is up 63% over the past 15 months.
Reynolds American (RAI) was downgraded from Top Pick to Outperform at RBC Capital. $53 price target. Valuation call, as the stock is up nearly 80% over the past year.
Stock Comments / EPS Changes
American International (AIG) - Get Report numbers cut at Credit Suisse. Shares of AIG now seen reaching $65, according to Credit Suisse. Estimates also reduced, given the company's new guidance. Neutral rating.
Visa (V) - Get Report estimates, target cut at BMO. Shares now seen reaching $83, according to BMO Capital. Estimates also reduced, given the company's new guidance. Outperform rating.
Valeant (VRX) estimates, target reduced at BMO. Estimates were cut through 2016, BMO Capital said. Company is cutting ties with Philidor. Market Perform rating and new $133 price target.