Analysts' Actions: AutoZone, Electronic Arts, Urban Outfitters and More
NEW YORK (TheStreet) -- RATINGS CHANGES
AutoZone (AZO) - Get Report was upgraded to buy from hold at Argus. Twelve-month price target is $736. Company can sustain sales momentum, Argus said.
Devon Energy (DVN) - Get Report was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: DVN Ratings Report.
Electronic Arts (EA) - Get Report was downgraded at Needham to hold from buy. Valuation call, as the stock has gained 20% year to date, Needham said.
El Paso Electric (EE) - Get Report was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: EE Ratings Report.
Supervalu (SVU) was upgraded at Deutsche Bank to buy from hold. Twelve-month price target is $13. Estimates were also increased as the company has several potential catalysts, Deutsche Bank said.
Urban Outfitters (URBN) - Get Report was upgraded at Janney Montgomery to buy. Twelve-month price target is $48. Inventory is improving and the company is buying back more shares, Janney Montgomery said.
Urban Outfitters was upgraded at William Blair to outperform. Company can improve its margins, William Blair said.
Editor's note: To see analysts' stock comments and changes to price targets and earnings estimates, go to "Street Notes," which is available only to Real Money subscribers. To find out how to become a subscriber, please click here.
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This article was written by a staff member of TheStreet.