NEW YORK ( TheStreet) -- RATINGS CHANGES
Comerica (CMA) - Get Report was upgraded to buy by Bank of America/Merrill Lynch, which set a $60 price target, saying that Comerica is leveraged to higher interest rates and should benefit from M&A activity.
Electronic Arts (EA) - Get Report was upgraded to buy from hold by Jefferies, which set a $80 price target. EA looks well positioned against two multiyear tailwinds: faster-than-expected console sales and the transition to higher-margin digital revenue, Jefferies said.
Take-Two Interactive Software (TTWO) - Get Report was upgraded to buy from hold by Jefferies, which set a $35 price target, saying that analysts are more optimistic around the entire group. Over the next few years, Jefferies thinks the company has the opportunity to sell more games into an ever increasing console install base, which should grow about 69% year over year to 48 to 49 million units by December 2015. Combined with favorable digital revenue tailwinds, Jefferies said it expects continued margin expansion over time.