Time Warner Cable (NYSE:TWC): Jefferies sees a deal between Time Warner and Charter (NASDAQ:CHTR) as having potential upside in shares to $135, as the firm’s base case assumes Charter will offer to buy Time Warner Cable for $136 per share were the deal to materialize.
Walgreens (NYSE:WAG): Credit Suisse has lowered its estimates on Walgreens due to lackluster fundamentals, and says that industry momentum appears ready to slow and that Street expectations are too high. The firm maintained its Neutral rating and $45 price target.
Pacific Sunwear (NASDAQ:PSUN): Wedbush has upgraded Pacific Sunwear based on traction in surf and skate lifestyle trends, Brandy Melville expansion, and increased label expansion in women’s categories. The price target has also been raised to $4, from $3.75.