NEW YORK (TheStreet) -- RATINGS CHANGES
Alibaba (BABA) was initiated at Oppenheimer with an outperform rating. The world's largest online/mobile commerce platform has now developed to be one of the most comprehensive ecosystems globally, Oppenheimer said. Twelve-month price target is $133.
Watch the video below for more of Tuesday's analysts' actions:
Capital One (COF) was downgraded at Nomura to neutral from buy. EPS growth in 2016 will be difficult, and acceleration in loan growth will not be enough to offset headwind of declining net charge-off rates, Nomura said.
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Magellan Midstream Partners (MMP) was downgraded at Credit Suisse to neutral from outperform. Stock has had a great run, Credit Suisse said. Downgrade is a valuation call based on reassessment of MLPs postearnings, Credit Suisse also said. Twelve-month price target is $92.
Targa Resources Partners (NGLS) was upgraded at Credit Suisse to outperform from neutral. Valuation call based on reassessment of MLPs postearnings, Credit Suisse said. Twelve-month price target is $76, Credit Suisse said.