Groupon (NASDAQ:GRPN): Morgan Stanley upgraded Groupon to Overweight from Equal Weight based on increased confidence in the North American turnaround given strength in mobile usage and the introduction of the deal bank. The price target on the shares has been raised to $14 from $11.
Transocean (NYSE:RIG): Credit Suisse upgraded Transocean to Outperform from Neutral based on valuation, cost cutting plans, expectations for improving margins, and potential dividend increases and or buybacks. The shares’ price target remains $60.
Intercontinental Hotels (NYSE:IHG): UBS upgraded Intercontinental Hotels to Buy from Neutral. The firm upgraded shares and added it to the Most Preferred List based on recent share weakness, continued U.S. strength, and the near end to its disposal program. The shares’ price target is $34.24.
Lululemon (NASDAQ:LULU): Credit Suisse analysis suggests continued strength in Lululemon’s core product following quality issues. Markdowns continue to decrease and inventory flow has normalized, said the analyst. The firm has increased conviction in normalized comp growth to the high single digits or low double digits, giving shares a Neutral rating with a $78 price target, raised from $73.