Facebook (NASDAQ:FB): Deutsche Bank raised its price target for Facebook shares to $62 from $43, citing the company’s opportunity in mobile markets and the inclusion of Instagram. The firm believes that 2015 consensus estimates for Facebook are 5 percent too low, before factoring in Instagram, and it keeps a Buy rating on the stock.
International Paper (NYSE:IP): Deutsche Bank downgraded International Paper to Hold from Buy, citing sluggish domestic containerboard demand and rising inventories. The firm lowered its price target for shares to $51 from $54.
J. C. Penney (NYSE:JCP): RW Baird said that J.C. Penney’s $84 million equity raise is 30 percent dilutive to current holders and recommends staying on the sidelines until there is progress on turnaround initiatives. The shares are Neutral rated, and the price target has been lowered to $10 from $16.
Marathon Oil (NYSE:MRO): Stifel downgraded Marathon Oil to Hold from Bay due to expectations for lackluster third quarter results, subpar 2014 production growth, and a lack of catalysts.