Citigroup (NYSE:C): Bernstein believes that Citigroup’s adjusted EPS can jump about 45 percent over the next two years, driven by lower credit costs and positive operating leverage. The firm also thinks that the company can meet or exceed cost reductions reflected in consensus estimates, and it keeps an Outperform rating on the stock.
Discovery Communications (NASDAQ:DISCA): Bernstein believes that Discovery’s shares look attractive after the recent pullback, noting that its valuation is lower than most of its peers. The firm thinks the company has the best long-term outlook in the media sector, and therefore keeps a $90 price target and Outperform rating on the shares.
Arena Pharmaceuticals (NASDAQ:ARNA): Arena’s price target has been raised at Piper Jaffray, citing confidence in the Belviq launch after conducting a survey of 41 primary care physicians and endocrinologists. The firm keeps its Overweight rating on the shares.
Navistar (NYSE:NAV): Citing the slow recovery in market share and cost cutting efforts, BMO Capital has upgraded Navistar from Underperform to Market Perform, and has also raised its price target from $20 to $35.