Royal Dutch Shell (NYSE:RDSA): Barclays has upgraded Royal Dutch Shell to Overweight from Equal Weight based on organic cash flow and its ability to fund both capex and dividend, as well as the upcoming completion of the Repsol LNG transaction that can add $1 billion to cash flow.
SINA Corp. (NASDAQ:SINA): Citigroup has upgraded SINA two notches to Buy from Sell and raised its price target for shares to $96 from $35 as the firm believes SINA is experiencing financial momentum due to its partnership with Alibaba and Weibo earnings visibility.
Western Union (NYSE:WU): JPMorgan has downgraded Western Union to Underweight from Neutral, citing valuation. However, the firm raised its price target for shares to $18 from $17.
Aeropostale (NYSE:ARO): KeyBanc has downgraded Aeropostale to Underweight from Hold, following checks that indicate product selection is not resonating with customers and online search trends are lower. The firm says that high price points during the back-to-school season has resulted in comp weakness, and that an LBO scenario is unlikely given a depressed EBITDA. The price target is $10.