Microsoft (NASDAQ:MSFT): Atlantic Equities downgraded Microsoft to Neutral from Overweight. The firm believes structural headwinds are having a bigger impact on Microsoft than previously expected, given the company discounts on Windows in the wider consumer market and further pressures in MBD and Server growth. The price target has also been lowered, to $33 from $35.
Johnson & Johnson (NYSE:JNJ): Following a meeting with Johnson & Johnson’s CEO, Wells Fargo believes the company is in the early stages of a turnaround and adds that it thinks that the company is executing well, while its second half guidance is “relatively conservative.” Wells keeps an Outperform rating on the shares.
Actavis (NYSE:ACT): Leerink has upgraded Actavis to Outperform from Market Perform, citing valuation and confidence in the company’s ability to beat earnings expectations. The firm raised its price target for shares to $155 from $133.
DirecTV (NASDAQ:DTV): Brean Capital raised its price target on DirecTV to $74 from $68 despite the potential to report a weak quarter. The firm believes the company has the best fundamental return story in the industry. Citing its benefits from lower capital intensity than the Master System Operator and its aggressive capital return strategy, the firm rates the shares at Buy.