4 significant stock upgrades today

4 significant stock upgrades today

By Davit Kerakossian

Today, many brokerages have upgraded the shares of four big names, including Netflix (NASDAQ :), Wynn Resorts Ltd (NASDAQ :), EOG Resources (NYSE :), and Nordstrom (NYSE :)). Below, we have provided details of each upgrade:

Evercore ISI has upgraded Netflix to Outperform from In Line and raised its target price to $300 from $245, based on recent US and international survey work and its own analysis of the company’s ad-supported earnings opportunities and password-sharing. The brokerage believes that these opportunities, particularly the ad-supported service, are Growth Curve Initiatives (GCIs) – catalysts that could lead to a material reacceleration in revenue growth, noting that it believes that these opportunities are not taken into account in current Street estimates or In the current evaluation of the company.

Credit Suisse upgraded Wynn Resorts Ltd to outperform from Neutral with an unchanged price target of $117, citing three areas of potential upside, including Vegas trends, Macau sentiment and valuation.

JPMorgan upgraded EOG Resources to Overweight from Neutral and raised its price target to $156.00 from $152.00.

Jefferies has upgraded Nordstrom to Buy from Hold and raised its price target to $24.00 from $21.00.

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