United Continental (NYSE:UAL): Buckingham upgraded United Continental to Buy from Neutral based on valuation and improving business fundamentals, raising the price target on the shares to $35 from $32.
Monsanto (NYSE:MON): Morgan Stanley said poor yields and increased corn prices have resulted in increased corn COGS by approximately 70 cents of earnings per share since 2008. The firm expects this trend to reverse in 2014, offsetting concerns of lower acreage and pricing power. The shares are rated Outperform with a $125 price target.
Family Dollar (NYSE:FDO): Avondale downgraded Family Dollar to Market Perform from Outperform based on valuation and comp concerns. The firm also lowered its price target to $70 from $77.
Palo Alto Networks (NYSE:PANW): JMP Securities downgraded Palo Alto to Market Perform from Outperform. The firm’s checks indicate that some resellers and customers are increasingly frustrated with slow sales negotiations and lagging support services following the ramp in new hires.