Analysts: Buy Time Warner Cable Because Charter Merger Is Likely and 3 More Research Notes to Browse
Time Warner Cable (NYSE:TWX): Deutsche Bank upgraded Time Warner Cable to Buy from Hold, as it believes the company’s fundamentals are bottoming and that new management will drive execution; Deutsche also believes a merger with Charter (NASDAQ:CHTR) is now “more likely than not” and raised its price target for Time Warner Cable shares to $141 from $109.
Marathon Petroleum (NYSE:MPC): Imperial Capital downgraded Marathon Petroleum to In-Line from Outperform, citing valuation following the company’s third-quarter results, but the firm raised its price target for Marathon shares to $73 from $70.
U.S. Steel (NYSE:X): Goldman upgraded U.S. Steel two notches, to Buy from Sell, citing expectations for an improving fat rolled steel market, improved cost position, and margin expansion; further, the firm upgraded the Steel Sector as a whole to Neutral from Cautious based on a more constructive view on longer-term steel demand. Goldman raised its price target on U.S. Steel shares to $30 from $22.
Kohl’s Corp. (NYSE:KSS): UBS upgraded Kohl’s to Buy from Neutral, in order to reflect its multifaceted turnaround strategy that involves refocusing on brands, brand loyalty, increasing accessories and beauty departments, and reducing inventory. The price target on Kohl’s was raised to $69 from $54.