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RATINGS CHANGES

Dillard's (DDS) was upgraded to outperform by Credit Suisse said. $70 price target. The company can continue to reduce debt and repurchase stock, said Credit Suisse.

Alphabet (GOOGL) was downgraded to underperform from neutral by Wedbush. $700 price target. Recent changes to mobile search has seen ad growth decelerate sharply, according to Wedbush.

Huntington Bancshares (HBAN) was upgraded to buy, Deutsche Bank said. This is a valuation call because the stock trades at a 10% discount to its peers, according to Deutsche.

Macy's (M) was cut to neutral, Credit Suisse said. $40 price target. Management needs to prove to investors that it can execute in a challenging retail environment, said Credit Suisse.

Signature Bank (SBNY) was upgraded to overweight, Barclays said. $139 price target. Commercial real estate risk is exaggerated and the company can deliver above-average growth, according to Barclay's.

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Select Medical (SEM) was downgraded to underperform from market perform, JMP Securities said. $10 price target. Estimates were cut, too, given lower expected earnings in the long-term care hospital business, according to JMP.

Shopify (SHOP) was downgraded to equal-weight from overweight, Morgan Stanley said. $47 price target. This is a valuation call because the stock is up 70% year to date.

Twitter (TWTR) was downgraded to sell from hold, Loop Capital said. $18 price target. Meaningful upside is not likely, even in a takeover situation, according to Loop.

Workday (WDAY) was upgraded to neutral from underperform, Wedbush said. $82 price target. Investor sentiment is improving and sales should recover in the second half of the year, said Wedbush.

Independence Realty Trust (IRT) was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: IRT.

This article was written by a staff member of TheStreet.