The New York Times Co. (NYSE:NYT): Lazard Capital has upgraded The New York Times Co. to Neutral from Sell, citing lower pension underfunding from higher interest rates and a recovering real estate market.
Eagle Rock Energy (NASDAQ:EROC): UBS believes that shares of Eagle Rock Energy were weak following a publication questioning if the company’s distribution is sustainable, but that distribution will be maintained and that the sell-off has provided a buying opportunity. It rates the shares a Buy with a $9.50 price target.
Colgate-Palmolive (NYSE:CL): Estimates for Colgate at Credit Suisse have been lowered due to renewed macroeconomic and social pressures in emerging markets. The firm continues to rates shares an Outperform and a top pick in the group, but expects consensus estimates to move lower.
Alcoa Inc. (NYSE:AA): JPMorgan has downgraded Alcoa to Neutral from Overweight with a price target of $9, citing lower aluminum price forecasts and a weak price environment.
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