Gilead Upgraded and Makes Barron's 2015 Picks Along With Macy's, GM

Gilead (GILD) upgraded, Macy's (M), General Motors (GM) and Royal Caribbean (RCL) make favorites for 2015 list but price target cut for Newfield Exploration (NFX) in Monday's Analysts' Actions.
Author:
Publish date:

Gilead (GILD) upgraded, Macy's (M), General Motors (GM) and Royal Caribbean (RCL) make favorites for 2015 list but price target cut for Newfield Exploration (NFX) in Monday's Analysts' Actions. Gilead was upgraded at Morgan Stanley to OVERWEIGHT from EQUAL WEIGHT. The price target is now up to $104 from $100. Morgan Stanley says fear over AbbVie (ABBV) pricing has created a buying opportunity for the stock. Gilead was also named one of Barron's top picks for 2015. Others stocks moving higher on making Barron's 2015 favorite list include General Motors, Macy's and Royal Caribbean. Newfield Exploration got its price target skimmed a bit at JPMorgan by a buck. The firm now has a $29 price target for the stock but is still rating it an OVERWEIGHT. The call was made on commodity prices and forecasting lower 2015 growth.