Visa and Expedia Get Bullish Revisions But Avon Downgraded - Video - TheStreet

Visa and Expedia Get Bullish Revisions But Avon Downgraded

Visa (V) upgraded, Avon (AVP) downgraded and Expedia (EXPE) gets its price target raised in Friday's Analysts' Actions.
Author:
Publish date:

Visa (V) upgraded, Avon (AVP) downgraded and Expedia (EXPE) gets its price target raised in Friday's Analysts' Actions. Visa was upgraded to BUY from HOLD at Argus. The price target is set at $250 a share. The firm says 'the stock has lagged but the company should see a rebound in fees and management is buying back stock.' Avon is now rated a HOLD from BUY at Stifel Nicolaus with the price target set at $16. The firm cites 'the company's turnaround appearing to be delayed' as the reason behind the cut. Expedia got its price target bumped up to $89 from $85 at Jefferies. The firm is maintaining its HOLD rating for the stock. The analysts there also raised their EPS estimates for 2014 and 2015. Jefferies now expects Expedia to report earnings of $4.16 a share for 2014, up from its previous guidance of $3.95 a share. The firm raises its 2015 EPS estimates to $4.89 a share from $4.87.