Angie’s List (NASDAQ:ANGI): Piper Jaffray attributes the recent pullback in shares of Angie’s List to concerns around the CTO departure and declining analyst estimates. However, Piper expects Angie’s to report in-line September quarter results, and the firm says that the CTO departure was driven by the company taking steps to better align its platform for the future. The firm keeps an Overweight rating on the stock with a $30 price target.
Allstate (NYSE:ALL): Keefe Bruyette upgraded Allstate to Outperform from Market Perform and raised its price target for shares to $62 from $54 citing improving auto PIF growth.
Alcoa (NYSE:AA): Deutsche Bank downgraded Alcoa to Sell from Hold, citing a deteriorating outlook for the company’s primary aluminum business. The firm lowered its price target for the shares to $5.50 from $9, implying a 32 percent downside from current levels.
Barrick Gold (NYSE:ABX): Deutsche Bank upgraded Barrick Gold to Buy from Hold on expectations that the company will improve free cash flow by cutting costs and slimming its portfolio. Deutsche raised its price target for the shares to $30 from $20.
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