Disney (NYSE:DIS): JPMorgan says that Disney’s long-term outlook remains favorable, despite the weak opening of The Lone Ranger. The firm believes Disney is likely to take an impairment charge in the fourth quarter as a result, but continues to recommend the stock with an Overweight rating and $75 price target.
Penn National (NASDAQ:PENN): Brean Capital believes Penn National is likely to miss its 2013 earnings guidance, owing to regional gaming cannibalization. The firm expects management to lower guidance, but recommends investors use any weakness as a buying opportunity. Shares are Buy rated with a lowered price target to $63 from $65.
Advanced Micro Devices (NYSE:AMD): Bank of America Merrill Lynch has raised its rating on AMD two notches, to Buy from Underperform. The firm says that AMD’s exclusive wins in next-generation game consoles expected in the fourth quarter will transform the company. The price target has been raised to $6 from $2.50.
Family Dollar (NYSE:FDO): Family Dollar has been downgraded from Overweight to Equal Weight at Barclays, which cited the difficult macro environment and slower comp growth. It keeps a price target of $67.
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