Hewlett-Packard Co. (NYSE:HPQ): Brean Capital has upgraded HP to Buy from Hold with a $32 price target, citing the company’s strengthened cash flow and cost-saving benefits.
DuPont Co. (NYSE:DD): Concerns that Ag unit investor sentiment will face pressure as farmers’ incomes fall in the second half of 2013 and potential risks to chemical unit profit growth have led Macquarie to downgrad DuPont to Neutral from Outperform. The analyst now views risk/reward as balanced and recommends investors stay on the sidelines. The price target is set at $57.
Cree Inc. (NASDAQ:CREE): DA Davidson has increased its price target on Cree to $79 from $66. The firm believes that data points from Taiwanese companies indicate that LED adoption is growing. The firm keeps a Buy rating on Cree.
Wells Fargo & Co. (NYSE:WFC): Susquehanna has downgraded Wells Fargo to Neutral from Positive, pointing to relative outperformance as the reason. The price target remains $45.