Verizon (NYSE:VZ): RBC upgraded Verizon to Outperform from Sector Perform, citing attractive valuation following the acquisition of Vodafone’s stake in Verizon Wireless. The shares’ price target is $54.
Outerwall (NASDAQ:OUTR): Piper Jaffray lowered its price target for Outerwall to $57 from $77 after the company lowered its third quarter and 2013 fiscal year outlook, but believes that the disappointing news is factored into the stock with the after-hours sell-off. Piper keeps an Overweight rating on Outerwall.
Expedia (NASDAQ:EXPE): Lazard Capital’s checks indicate that Expedia’s volume at U.S. hotel chains jumped 28 percent in August versus a 15 percent gain in July. The firm thinks that the August data should ease concerns about the company’s competitive risk. It keeps a Buy rating on the shares.
Gilead (NASDAQ:GILD): Bernstein believes that there are several drivers of revenue growth for B cell malignancy treatments, and it expects Gilead to benefit from these trends. The firm keeps an Outperform rating on the stock, and the firm raised the price target on the shares to $82 from $73.
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