Facebook (NASDAQ:FB): RW Baird sees sustainable momentum in Facebook and believes that it should achieve more than 50 percent year-over-year growth in advertising in the third quarter. The firm also sees multiple long-term growth drivers and an increasing mix of direct response advertisers. The shares are Outperform rated with a $50 price target.
Procter & Gamble (NYSE:PG): SunTrust believes Procter & Gamble’s launch of a mid-tier Tide product is a “bad idea” and will dilute the brand. The analyst expects Gain, P&G’s second largest detergent brand, to be the biggest loser, and for shares to be pressured in coming quarters. As a result, SunTrust downgraded shares to Neutral from Buy and lowered its price target on the shares to $80 from $88.
Morgan Stanley (NYSE:MS): UBS upgraded Morgan Stanley to Buy from Neutral given the continued expansion of its wealth management business model and improving outlook. The shares’ price target has been raised to $33 from $28.
ConAgra (NYSE:CAG): Goldman believes ConAgra’s branded portfolio will continue to have challenges, but that its other businesses, particularly private labels, are poised for a turnaround. The firm expects M&A cost synergies to drive profit growth and looks for positive estimate revisions as the recovery picks up. The firm upgraded ConAgra to Buy from Neutral, and the shares’ price target remains $42.