Analysts: United Continental Downgraded Due to Revenue Decline and 3 More Research Notes to Read
United Continental Holdings Inc. (NYSE:UAL): Barclays downgraded United Continental to Underweight from Equal Weight to reflect revenue declines at major hubs, as well as structural problems; the firm raised its price target on United Continental shares to $38 from $30.
Amarin Corp. (NASDAQ:AMRN): Citigroup upgraded shares of Amarin to Buy from Neutral with a $2.50 price target, as it believes the stock does not reflect the potential for Vascepa’s Food and Drug Administration-approved MARINE indication; Citi sees a “significant uphill battle” for Amarin in its attempts to gain approval from the FDA in the ANCHOR setting.
Priceline.com Inc. (NASDAQ:PCLN): Piper Jaffray raised its price target for Priceline.com shares to $1,200 from $1,000 after the company reported better-than-expected third-quarter bookings and earnings; Piper says Priceline.com’s fourth-quarter guidance is likely conservative for international bookings, and the firm reiterates an Overweight rating on the stock.
Whole Foods Market Inc. (NASDAQ:WFM): Goldman downgraded Whole Foods to Neutral from Buy following the company’s fourth-quarter results and lowered estimates due to softer top-line growth, less margin expansion, and valuation; the firm lowered its price target on Whole Foods shares to $57 from $66.
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