Nike and Northrop Grumman Upgraded, Ally Financial Initiated

In Friday's Analysts' Actions, Nike (NKE) and Northrop Grumman (NOC) get upgraded and Ally Financial (ALLY) gets a bullish start. Nike is now rated a BUY from NEUTRAL at Janney. The price targe was also raised to $93 a share from $80, that's about 16% to the upside from where the stock closed Thursday. The firm thinks Nike's sales growth is accelerating and it continues to generate strong cash flow. Deutsche Bank raised Northrop Grumman to a BUY from HOLD and also upped the price target by $5 to $145. The firm thinks defense budget stability may be on the horizon. Wells Fargo initiated Ally Financial with OUTPERFORM and set the price target range at $27-$28. The firm thinks Ally has 'competitive advantages and can generate solid returns.'