Bed Bath & Beyond (NASDAQ:BBBY): Jefferies has downgraded shares of Bed Bath & Beyond, based on its expectations that its margins will continue to decline because of lower-margin ecommerce sales. The firm also lowered its price target for the stock, from $76 to $71.
Pandora (NYSE:P): Barclays has upgraded Pandora, citing its progress in monetizing increased mobile usage, and beliefs that competitive pressures are already reflected in the company’s valuation. It now rates the shares at Equal Weight up from Underweight, and raised its price target from $10 to $17.
Lowe’s (NYSE:LOW): Valuation concerns and lack of upside potential to consensus estimates have pushed Oppenheimer to downgrade shares of the company from Outperform to Perform, although it keeps its $46 price target.
T-Mobile (NYSE:TMUS): Deutsche Bank believes that T-Mobile has attractive valuation and strong operating momentum, and has upgraded shares from Hold to Buy, as well as raising its price target from $11 to $28.