Facebook Inc. (NASDAQ:FB) Morgan Stanley expects that Facebook’s third-quarter revenue and Ebitda will be in line with Wall Street estimates. Further, the firm anticipates mobile revenue growth of $774 million, or 46 percent of total, versus 41 percent the previous quarter. The firm expects management commentary to focus on Instagram, video app install ads, and the timing of the video brand roll-out; Facebook shares are Overweight rated with a $49 price target.
Panera Bread Co. (NASDAQ:PNRA): Deutsche Bank downgraded Panera Bread to Hold from Buy, citing weakening sales trends and the rising investments on operations; the firm lowered its price target for Panera shares to $145 from $185.
Chesapeake Energy (NYSE:CHK): Citigroup upgraded Chesapeake to Buy from Neutral and added the stock to its U.S. Focus List based on expectations that the new management will continue to pursue an aggressive restructuring and cost reduction program; Citigroup raised its price target for Chesapeake shares to $35 from $27.
Caterpillar Inc. (NYSE:CAT): JPMorgan downgraded Caterpillar to Neutral from Overweight, citing execution risks and rising headwinds following the company’s weaker-than-expected third-quarter results; the firm lowered its price target for Caterpillar shares to $90 from $105.