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GoPro Upgraded, Microsoft Gets Strong Start, Discovery Downgraded

GoPro (GPRO) upgraded, Microsoft (MSFT) initiated and Discovery (DISCA) downgraded in Friday's Analysts' Actions.

GoPro (GPRO) upgraded, Microsoft (MSFT) initiated and Discovery (DISCA) downgraded in Friday's Analysts' Actions. GoPro was upgraded to OVERWEIGHT from NEUTRAL at JPMorgan. The firm is keeping its price target of $70. The firm says the recent drop in the stock price now presents an attractive entry. Microsoft is now being covered by Piper Jaffray with an OVERWEIGHT rating and a price target set at $54 a share. Piper thinks the tech giant will benefit from increased corporate IT spending and its cloud offerings. A downgrade for Discovery at RBC Capital to SECTOR PERFORM from OUTPERFORM. The firm is keeping its $38 price target. RBC says the downward revision stems from its views advertising trends remain soft and international growth is slowing.

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