Papa John's, Buffalo Wild Wings, Qualcomm Are Wall Street's Top Picks

In Monday's Analysts' Actions one Wall Street firm is optimistic on Papa John's International (PZZA) and Buffalo Wild Wings (BWLD) while another isn't too happy about Qualcomm (QCOM). KeyBanc Capital Markets upgraded Papa John's International to OVERWEIGHT from SECTOR WEIGHT with a $70 price target. Analysts believe the company's long-term growth fundamentals are in tact. Looking ahead, the company can double its profits in four to five years with help from its expanding international segment. A similar story for Buffalo Wild Wings. The same firm lifted its rating to OVERWEIGHT from SECTOR WEIGHT with a $175 price target. Here's why: The company has potential for 1,700 domestic units and analysts also noted its strong brand building initiatives. Overall, it appears that consumers are liking this company. In another note, Nomura downgraded Qualcomm to NEUTRAL from BUY and dropped its price target to $60 from $75. The firm is concerned about its performance in China given the country's economic slowdown. It looks like the uncertainty will continue, analysts said. Due to these reasons, the firm is bearish. TheStreet's U-Jin Lee reports in New York.