JPMorgan (NYSE:JPM): RW Baird recommends buying JPMorgan on weakness after headlines emerged about litigation related to legacy mortgage securities. The firm cites its compelling valuation, dividend yield, excess loan loss reserves, and long term earnings power as signs of its resiliency. The shares are rated Outperform with a $60 price target.
Mohawk (NYSE:MHK): Raymond James upgrades Mohawk to Buy from Outperform. The firm’s checks indicate robust U.S. carpet sales have continued in August and they view the pullback as a buying opportunity. The price target on shares has been raised to $150 from $145.
Verizon (NYSE:VZ): After Vodafone (NASDAQ:VOD) reported that it had held talks recently to sell its Verizon Wireless stake to Verizon, Wells Fargo believes that Verizon’s stock will benefit from such movement towards a deal. The firm thinks that a deal would boost Verizon’s free cash flow and payout ratio, and it keeps an Outperform rating on the stock.
Guess (NYSE:GES): Brean Capital believes that Guess has registered definitive signs of a turnaround in North America and Europe. The firm expects the company to focus on business basics and stabilization in Europe and sees potential for material top and bottom line upside. The shares retain a Buy rating with a $37 price target.