Analysts were busy this week, upgrading, changing price targets, and initiating coverage of a variety of companies.
Bank of New York Mellon (BK) - Get The Bank of New York Mellon Corporation Report was double-upgraded at Bank of America Securities, to buy from underperform, with a price-target increase to $50 from $43.
Broadcasting company Discovery (DISCA) - Get Warner Bros Discovery Inc Com Ser A Report was downgraded to sell from neutral by UBS analyst John Hodulik, who raised its price target to $46 from $24 a share.
ViacomCBS (VIACA) - Get ViacomCBS Inc. Class A Report and Discovery (DISCA) - Get Warner Bros Discovery Inc Com Ser A Report were downgraded in separate Wells Fargo notes as analysts expressed concerned that the media companies' recent gains may be overblown.
Science Applications International (SAIC) - Get SCIENCE APPLICATIONS INTERNATIONAL CORPORATION Report was downgraded by Stifel analysts, who slashed their price target for the information-technology-services company to $90 from $115.
Price Target Change
Several analysts raised their price targets for Telos (TLS) - Get Telos Corporation Report after the cybersecurity company beat Wall Street's fourth-quarter earnings expectations and provided strong first-quarter and full-year guidance.
Raymond James raised its share-price target for Dave & Buster’s (PLAY) - Get Dave & Buster's Entertainment Inc. Report to a Wall Street high of $55 from $45, kept its strong-buy rating for the entertainment/restaurant chain amid solid sales.