Analysts’ upgrades for Friday, July 26th:
Alamos Gold (TSE:AGI) was upgraded by analysts at Scotiabank from an outperform rating to a focus stock rating. Scotiabank currently has C$19.00 target price on the stock.
Celestica (NYSE:CLS) was upgraded by analysts at Raymond James to an outperform rating.
Cabot Oil & Gas Corp. (NYSE:COG) was upgraded by analysts at Iberia Capital from a sector perform rating to an outperform rating.
Entergy Corp. (NYSE:ETR) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. They currently have $84.00 price target on the stock. Zacks’ analyst wrote, “We upgrade our recommendation on Energy Corp. to Outperform from Neutral. The upgrade is based on the company’s impressive first quarter 2013 results that experienced a significant improvement year over year driven by major generation investments in 2012. Entergy is well positioned due to its geographically-diverse mix of regulated and merchant operations, along with its strong balance sheet. The company is also focused on maximizing shareholder value through its ongoing stock buyback program and incremental dividend. Looking forward, Entergy is making steady progress to spin off its electric-transmission business. We believe the combination of positive rate changes and asset divestiture will bode well for the company’s growth objectives. “
Expedia (NASDAQ:EXPE) was upgraded by analysts at Standpoint Research from a hold rating to a buy rating. The firm currently has $64.00 target price on the stock.
St. Joe (NYSE:JOE) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. They currently have $23.00 target price on the stock. Zacks’ analyst wrote, “We are upgrading our long-term recommendation for St. Joe to Neutral from Underperform on the back of successful execution of costs and debt reduction initiatives. The company has been in a defensive mode and continues to reduce capital expenditures and debt levels through stringent measures. However, St. Joe came up with disappointing results in first-quarter 2013, with earnings per share missing the Zacks Consensus Estimate due to a dip in real estate revenues. Moreover, a persistent reduction in revenues from the rural land sales segment weakened results further. However, the company has been focusing on opportunities to modernize the use of its land portfolio. Also, given the company’s current efforts to enhance its financial and market position, we expect the company to come out of negative lane going forward.”
Kennametal (NYSE:KMT) was upgraded by analysts at BB&T Corp. from a hold rating to a buy rating. They currently have $55.00 price target on the stock.
Life Time Fitness (NYSE:LTM) was upgraded by analysts at Feltl & Co. from a buy rating to a strong-buy rating. They currently have $67.60 price target on the stock, up from their previous price target of $56.43.
Norbord (TSE:NBD) was upgraded by analysts at CIBC from a sector perform rating to an outperform rating.
Nidec (NYSE:NJ) was upgraded by analysts at TheStreet to a buy rating.
Owens-Illinois (NYSE:OI) was upgraded by analysts at TheStreet to a buy rating.
Grupo Aeroportuario del Pacifico (NYSE:PAC) was upgraded by analysts at Credit Suisse from a neutral rating to an outperform rating.
Parker-Hannifin Corp (NYSE:PH) was upgraded by analysts at Susquehanna to a neutral rating. They currently have $15.00 price target on the stock, down from their previous price target of $16.00.