Ford (NYSE:F): Goldman Sachs has brought Ford off its Conviction Buy list, downgrading the stock to a Buy rating due to relative outperformance. The firm keeps a $20 price target on the shares.
Total (NYSE:TOT): Raymond James upgraded Total to Outperform from Market Perform based on expectations for reduced capex, production growth, and expectations for raised dividend in September.
Citigroup (NYSE:C): Bernstein raised its 2013 earnings per share estimate for Citigroup to $5.04 from $4.77 and increased its price target on the shares to $60 from $58 following the company’s better-than-expected second-quarter results. The firm believes that Citi made progress on several key issues for the stock, while its credit costs and trading outlook has improved. It keeps an Outperform rating on the shares.
InvenSense (NASDAQ:INVN): Oppenheimer has increased the price target on InvenSense to $19 from $15 after attending the company’s developers’ conference, from which the firm came away more comfortable with the company’s market position and outlook for 2014. The firm expects the company’s products to become the best-selling motion sensors for smartphone, tablet, and wearable electronics vendors, and it keeps an Outperform rating on the stock.