American Eagle (NYSE:AEO): Increased competition and expectations for traffic share losses have led Citigroup to downgrade shares of American Eagle to Neutral from Buy, and lower its price target for shares to $21 from $23.
Chicago Bridge & Iron (NYSE:CBI): Lazard Capital has raised its estimates and price target for Chicago Bridge & Iron, citing improving earnings visibility following a meeting with management. The firm keeps a Buy rating on the stock.
Corning (NYSE:GLW): Recent weakness in Corning’s stock has more to do with the stock taking a pause than a demand slowdown after the expiration of a Chinese energy efficiency TV subsidy, according to Oppenheimer. The firm expects the company to benefit from an expansion of TV unit sizes, and it keeps an Outperform rating on the stock.
Perry Ellis (NASDAQ:PERY): KeyBanc is more upbeat on Perry Ellis’ longer-term outlook following a meeting with its management, and it believes the company’s EPS can reach $2.50. The firm keeps a $25 price target and a Buy rating on the shares.
Don’t Miss: Analyst: Tim Cook Deserves a Thumbs-Up.