Here are today’s top Wall Street analyst ratings where finbox.io’s unbiased fair value estimates support the recommendation.
Top Upgrades and Buy Ratings
- B. Riley reiterated RealNetworks Inc (NASDAQ:RNWK) at Buy with a $7.50 price target. The target appears high but fundamentals imply shares should be trading close to $6.00 per share.
- Piper Jaffray initiated coverage on Hormel Foods (NYSE:HRL) at Overweight. Eleven analyses conclude a fair value estimate of $42 per share implying the stock is 19% undervalued.
- Guggenheim upgraded Viacom Inc (NASDAQ:VIA) from Neutral to Buy. Nine separate valuation models imply an intrinsic value of approximately $44.50 per share representing 15% upside.
- Bank of America upgraded Melco Crown Entertainment (NASDAQ:MPEL) from Neutral to Buy and raised its price target to $22.30. Shares traded higher by roughly 3% following the upgrade.
Top Downgrades and Sell Ratings
- Goldman Sachs reiterated Coca-Cola (NYSE:KO) at Sell. Eleven cash flow analyses imply the stock is trading at a 30% premium.
- Guggenheim downgraded South Jersey Industries (NYSE:SJI) from Buy to Neutral. Shares traded 4% lower following the downgrade. Finbox.io data shows that the stock is still 23% overvalued.
- Barclays downgraded International Flavors & Fragrances Inc (NYSE:IFF) from Equal Weight to Underweight and set a $103 price target. Eleven valuation models support an even lower target of $96 per share.
- Raymond James reiterated Realty Income (NYSE:O) at Underperform. Fundamentals support the rating and imply that the stock currently has a negative 14% margin of safety.
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