Analysts: Nokia Has Become Profitable and 3 Other Research Notes to Look Over
Nokia (NYSE:NOK): Jefferies upgraded Nokia to Hold from Underperform, saying that the company has become a profitable telecom equipment pure-play after the sale of its handsets unit.
Chicago Bridge & Iron (NYSE:CBI): Goldman downgraded Chicago Bridge to Neutral from Buy due to a challenging U.S. power outlook and valuation. Their price target on the shares remains $68.
Best Buy (NYSE:BBY): Bank of America Merrill Lynch said Best Buy is reducing costs faster than expected, which should aid in its turnaround. The shares have been upgraded to Neutral from Underperform, and the price target has been raised to $38.
Dick’s Sporting Goods (NYSE:DKS): Citigroup believes that the company’s investor day on September 18 could be a positive catalyst for shares with the introduction of a long-term outlook. Citi thinks recent weakness in the stock could provide a buying opportunity into the event and keeps a Buy rating on the stock alongside a $54 price target.