Analysts: Angie’s List Seeks to Align Its Platform and 3 Other Research Notes to Explore

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.

ANGI 20131002

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.

ALL 20131002

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.

AA 20131002

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.

ABX 20131002

Investing Insights: Is J.C. Penney Stock Doomed?