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Wedbush upgraded AMC Entertainment (NYSE:AMC) to Neutral from Underperform and raised its price target of $19.00 from $2.00 following reverse stock split and conversion of preferred share units into common stock.
According to Wedbush, the company is well-positioned considering the positive industry trends.
Shares fell more than 70% since the start of the month due to concerns arising from the approval of a rescue deal that will allow the company to issue additional shares for the purpose of raising capital.
Prudential Financial (NYSE:PRU) shares rose more than 2% yesterday after Raymond James upgraded the company to Strong Buy from Market Perform with a price target of $125.00, as reported in real-time on InvestingPro.
The firm anticipates that Prudential Financial will re-rate as it demonstrates the success of its transformation strategy and the potential for increased share repurchases, acting as a catalyst.
Wolfe Research upgraded Discover Financial Services (NYSE:DFS) to Outperform from Peerperform with a price target of $104.00.
Morgan Stanley upgraded Abercrombie & Fitch (NYSE:ANF) to Equalweight from Underweight and raised its price target to $51.00 from $18.00, given an improved operating model, updated DCF assumptions, and a change in methodology to the midpoint of its bull and base cases.
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