Goldman Sachs cuts slack to a few energy stocks
Last updated: 17:07 20 Oct 2015 BST, First published: 12:07 20 Oct 2015 BST
Goldman Sachs is cutting some slack to a few energy stocks – namely NextEra Energy (NYSE:NEE), FirstEnergy (NYSE:FE) and Entergy (NYSE:ETR) all of which come off the ‘sell’ list and are now seen as ‘neutral’ by the bank.
Great Plains Energy (NYSE:GXP) was, however, among those downgraded by Goldman Sachs.
Bank of America Merrill Lynch upgraded American petroleum refiner Delek (NYSE:DK) to ‘neutral’ from underperform.
Citigroup has been as bold as to raise Enable Midstream Partners (NYSE:ENBL) to ‘buy’ from ‘neutral’.
JP Morgan steered its recommendation for satellite navigation firm Garmin (NASDAQ:GRMN) to ‘neutral’ from ‘underweight’.
And restaurant and sports bar group Buffalo Wild Wings (NASDAQ:BWLD) has been upgraded by Maxim Group to ‘buy’ from ‘hold’. Maxim also lifts its recommendation for Olive Garden owner Darden Restaurants (NYSE:DRI) to ‘buy’ from ‘hold’.
Nike (NYSE:NKE) has been upgraded to ‘buy’ from ‘hold’ at BB&T Capital Markets, albeit the analyst target of US$148 per share remains the same.
Elsewhere, clothes retailer Urban Outfitters (NASDAQ:URBN) was downgraded by Wunderlich to ‘hold’ from ‘buy’.
While, Seagate Technology (NASDAQ:STX) was dropped to ‘neutral’ from ‘positive’ by Susquehanna.
