PDC Energy downgraded to Market Perform from Outperform at BMO Capital BMO Capital downgraded PDC Energy to Market Perform after the company did not raise its 2014 production guidance. BMO lowered its price target for shares to $63 from $70.
Big Lots upgraded to Overweight from Neutral at Piper Jaffray Piper Jaffray upgraded Big Lots to Overweight citing valuation and the company's turnaround initiatives. Piper raised its price target for shares to $45 from $39.
Chipotle upgraded to Overweight from Neutral at JPMorgan JPMorgan upgraded its rating on Chipotle (CMG) to Overweight citing the recent pullback in shares. The firm believes Chipotle has industry-leading fundamentals and raised its price target for the stock to $575 from $550. Shares closed Friday down $32.79 to $519.61 following the company's Q1 results.
Yum! Brands downgraded to Neutral from Overweight at JPMorgan JPMorgan downgraded Yum! Brands to Neutral citing valuation as it believes shares are already pricing in a China recovery through FY15. The firm raised its price target for shares to $80 from $77.
Time Warner Cable upgraded to Buy from Hold at Brean Capital Brean Capital upgraded Time Warner Cable (TWC) to Buy citing the recent underperformance of shares as it belief the Comcast (CMCSA) takeover will get done with a "minimum amount of fuss." Brean has a $165 price target for the stock. It lowered its price target for Comcast shares to $60 from $63 but reiterates a Buy rating on the name.