GameStop (NYSE:GME): Oppenheimer believes that the retail chain can beat its estimates, after meeting with the company’s management. Investors continue to underestimate the company’s profitability going forward, according to the firm, which also thinks the company is well-positioned to benefit from digital distribution and new revenue streams. It keeps an Outperform rating on the shares.
Berry Petroleum (NYSE:BRY): Susquehanna, has brought Berry from Positive rated to Neutral, citing valuation. The firm estimates the stock is worth $51 per share as a standalone company, in the event that the merger with LINN Energy (NASDAQ:LINE) doesn’t pan out. It has a $51 price target on the shares.
Barrick Gold (NYSE:ABX): Following the lowering of its gold forecasts to $1,250 from $1,500, Jefferies has also lowered its price target for shares to $14 from $30, and its rating on Barrick to Hold from Buy, as the firm believes gold stocks have further downside.
Seagate (NASDAQ:STX): Barclays has brough Seagate to Equal Weight from Underweight, as it believes that Seagate will benefit from price stability due to industry consolidation, improved product mix, and the shift to higher capacity drives. The firm also lifted its price target to $45 from $35.
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